US worries hit banking shares
Published Date:
20 August 2008
FRESH fears over the health of the banking sector helped drag London's leading companies deep into the red yesterday.
The concerns followed new reports of a potential bail-out for US mortgage lenders Fannie Mae and Freddie Mac, and speculation that Lehman Brothers could disappoint with weaker-than-expected results. The FTSE 100 closed 2.4 per cent lower, with Royal Bank of Scotland and HBOS both down 7 per cent.
The full article contains 76 words and appears in The Scotsman newspaper.
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Last Updated:
19 August 2008 8:35 PM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
Credit Crunch
