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”.
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”.