FTSE hit by second sell-off

The FTSE 100 Index was hit by a second late sell-off to fall to its lowest level of the year today amid fears over the latest bank crackdown from President Obama.

FTSE hit by second sell-off
Thu, 21 Jan, 2010 - 17:07

The FTSE 100 Index was hit by a second late sell-off to fall to its lowest level of the year today amid fears over the latest bank crackdown from President Obama.

Looming restrictions on the risk-taking and size of banks led to a sell-off among financial stocks, despite a bumper £8.3 billion annual profits from Goldman Sachs.

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