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01-16-2009, 11:47 AM
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GFY's Halfpint
Industry Role:
Join Date: Jun 2007
Location: UK
Posts: 15,223
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Bail-out fears hit banking shares
Shares in major UK banks have fallen sharply amid fears more financial institutions will need to be bailed out by the government.
Worst hit was Barclays, which fell 25% while Royal Bank of Scotland, in which the UK government has a near-60% stake, closed 13% lower. Elsewhere US bank Citigroup suffered a big quarterly loss, while Anglo Irish Bank was nationalised by Dublin. US giant Bank of America also received a $20bn (£13.4bn) bail-out package. Full story here http://news.bbc.co.uk/1/hi/business/7834296.stm |
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