UK bank shares regain ground after stress tests

Bank shares climbed in early trading, regaining some ground after Friday's stress test results caused sharp falls in the UK's major banks.

This morning Barclays was up 3.54% to 215p, RBS rose by 1.27% to 33.41p, while Lloyds climbed 2.85% to 42.5p, and HSBC rose 1.2% to 598p. Yesterday, more than £5bn was wiped off the value of three British banking giants amid fears eurozone contagion risk would spread to the UK. Lloyds declined 7.5% to 41p, RBS moved 6% lower to 33p and Barclays slid 7% to 207p. The hit to the banking sector had automatically impacted the value of the London stock exchange, but this morning marginal recovories were seen. The FTSE recovered 0.5% to 5,781.35, while the German Dax climbed 0.97% to 7,176.7...