Financial Times FT.com

Banks miss out on FTSE gains

By Michael Hunter

Published: January 6 2009 08:29 | Last updated: January 6 2009 20:06

Lloyds TSB slid back towards a 16-year low on Tuesday as banks missed out on a sixth day of gains.

Traders cited concerns that Lloyds TSB may need to take further writedowns against HBOS’s loan book and investment portfolio.

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