Blue chips hold back FTSE

Blue chip banks suffered heavy losses on the London market today as fresh fears over Barclays’ balance sheet put the sector under pressure.

Blue chips hold back FTSE
Thu, 15 May, 2008 - 18:54

Blue chip banks suffered heavy losses on the London market today as fresh fears over Barclays’ balance sheet put the sector under pressure.

Barclays said it was still considering fundraising options – such as tapping shareholders for cash – as it unveiled a £1bn (€1.3bn) first quarter write-down due to credit market difficulties.

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CourtsBusinessHeathrowPlace: LondonPlace: USPlace: BritainPerson: Ben BernankePerson: Ben VerwaayenPerson: CurrysPerson: Michael GradePerson: Thomas CookOrganisation: Blue chipsOrganisation: FTSEOrganisation: Barclays’Organisation: Blue chipOrganisation: BarclaysOrganisation: US Federal ReserveOrganisation: FootsieOrganisation: Royal Bank of ScotlandOrganisation: Halifax Bank of ScotlandOrganisation: Alliance & LeicesterOrganisation: CadburyOrganisation: SABMillerOrganisation: BTOrganisation: Cairn EnergyOrganisation: UBSOrganisation: DSG InternationalOrganisation: WH SmithOrganisation: CitiOrganisation: ITVOrganisation: IcapOrganisation: SAGE
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