Heavy losses for UK banking stocks

Banking stocks suffered more heavy losses today as the latest wave of market turmoil wiped another 2.5% from the value of the FTSE 100 Index.

Fri, 19 Aug, 2011 - 15:03

Banking stocks suffered more heavy losses today as the latest wave of market turmoil wiped another 2.5% from the value of the FTSE 100 Index.

Recession fears and speculation of a short-term funding crisis in the European banking system ensured the top flight index remained under pressure after losing £62bn or 4.5% yesterday.

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