Financial Times FT.com

Banks sell-off weighs down Footsie

By Neil Hume and Robert Orr

Published: November 1 2007 09:13 | Last updated: November 1 2007 20:42

The FTSE 100 suffered its biggest one-day percentage fall in two and half months Thursday as investors fled the banking sector.

The trigger for the sell-off was speculation that Citigroup was poised to announce a large writedown.

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