UK Banks Lose £2 Billion over Spanish Fears
Tuesday, 17 April 2012 07:52
Posted by David Icke
'Lloyds Banking Group lost nearly 5 percent of its value, while Royal Bank of Scotland shed nearly 4 percent and Barclays fell by more than 1 percent. HSBC also dipped into the red.
Traders were troubled by developments in Spain, where the government's implied cost of borrowing is creeping higher towards unsustainable levels amid fears the struggling country will require a bailout from the European Union and its partners.'
Read more: UK Banks Lose £2 Billion over Spanish Fears
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