Financial Times FT.com

Banks drag FTSE 1.7% lower

By Bryce Elder and Neil Hume

Published: February 2 2009 09:08 | Last updated: February 2 2009 20:44

Banks led the FTSE 100 lower on Monday as optimism over their chances of independence yielded to concern about their balance sheets.

Barclays dropped 10.5 per cent to 94.9p after Moody’s said the lender faced “significant further writedowns”.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this