UK banks suffer more markets pain
Britain's biggest banks suffered more pain on the markets today
after Spain fuelled the flames of the eurozone crisis with more economic
Barclays, Lloyds Banking Group and Royal Bank of Scotland all saw their shares slide about 3% as Spain's implied borrowing costs moved higher during a closely-watched debt auction, while the wider FTSE 100 Index lost more than 1%.
As the struggling country confirmed it was in recession, reports also emerged that customers of Bankia, Spain's fourth largest bank, have withdrawn more than one billion euros (£800 million) since it was nationalised last week.
The worrying picture came as concerns over Greece's membership in the euro area persisted, with an emergency government being sworn in until fresh elections are held next month.
Woolwich terror attack: Suspect Michael Adebowale saw friend 'literally sliced to pieces' in 2008
Emergency landing at Heathrow sparks further controversy over London airport capacity
Unrest may spread across Europe, warns Red Cross chief
EDL marches on Newcastle as attacks on Muslims increase tenfold in the wake of Woolwich machete attack which killed Drummer Lee Rigby
You want to get an Eton scholarship? All you need to do is answer four (not so simple) questions
- 1 What, let gays get married? We must be bonkers
- 2 Rocky Horror star Tim Curry 'suffers major stroke'
- 3 Exclusive: How MI5 blackmails British Muslims
- 4 EDL marches on Newcastle as attacks on Muslims increase tenfold in the wake of Woolwich machete attack which killed Drummer Lee Rigby
- 5 Farewell, Shameless. Your heirs have work to do
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Nook is donating eReaders to volunteers at high-need schools and participating in exclusive events throughout the campaign.
Get the latest on The Evening Standard's campaign to get London's children reading.
Win anything from gadgets to five-star holidays on our competitions and offers page.