Banking shares fell in London following news that the bosses of big banks had met Chancellor A...
Banking shares fell in London following news that the bosses of big banks had met Chancellor Alistair Darling to discuss fundraising. HBOS dropped 37%, Royal Bank of Scotland (RBS) fell 34%, Barclays shed 11% and Lloyds TSB was down 9%. The banks have called on Darling to design a proposal to restore liquidity in the financial system. The FTSE rose to 4724.19 before closing at 4614.49 up 0.55% on yesterday’s trading session. Elsewhere, Wall Street rose moderately, with investors getting some encouragement that the Federal Reserve's plan to buy massive amounts of corporate debt wi...
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