FTSE on the decline

Fears the global financial crisis could get worse in the coming months derailed the UK banking sector’s recent share price recovery today.

FTSE on the decline
Tue, 19 Aug, 2008 - 14:31

Fears the global financial crisis could get worse in the coming months derailed the UK banking sector’s recent share price recovery today.

Sentiment was hit by reports of a Government bail-out for mortgage firms Fannie Mae and Freddie Mac, plus speculation about weaker-than-expected third-quarter results from Lehman Brothers.

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CourtsBusinessFTSEPlace: UKPlace: USPerson: Kenneth RogoffPerson: Taylor WimpeyOrganisation: FTSEOrganisation: Fannie MaeOrganisation: Freddie MacOrganisation: Lehman BrothersOrganisation: IMFOrganisation: Halifax Bank of ScotlandOrganisation: BarclaysOrganisation: Royal Bank of ScotlandOrganisation: Lloyds TSBOrganisation: BrixtonOrganisation: HammersonOrganisation: British LandOrganisation: PersimmonOrganisation: Barratt DevelopmentsOrganisation: Trinity MirrorOrganisation: Johnston PressOrganisation: Smith & NephewOrganisation: Scottish & Southern EnergyOrganisation: Inmarsat
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