Reality hit bank stocks today forcing the FTSE 100 index down 19 points to 4,015.60 by the close as ...
Reality hit bank stocks today forcing the FTSE 100 index down 19 points to 4,015.60 by the close as investors heeded advice from Goldman Sachs to choose companies with significant capital cushions against bad debts. The investment bank says bad debts are set to swell following recent warnings about the states of the US, European and UK economies. Warnings also flew thick and fast concerning UK insurers, as watchers of ratings agencies Moody's and Standard & Poor's said they may be heading towards downgrading debt at a number of companies. Abbey National fell 27p to 653p...
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