HBOs led the FTSE's decline as the index plummeted a huge 137.6 points (2.5%) to 5362.10.
The bank fell 6.84% to 282.5p, while Barclay’s share price suffered a 6% slide to 329.25p. Lloyds TSB Group was the third financial in the top five losers table, slipping 2.68% to 286.25p.
Mining firms Ferrexpo and Eurasian also made losses.
However, Unilever dominated the leaders board, gaining 6.11% to end the day up 1581p.
Friends Provident, Tullow Oil and Cadbury all made marginal gains.
Following the FTSE’s dire lead, the Dow Jones is currently in decline, slipping 221.78 points (1.92%) to 11311.10.
American Express is down 5.43% to 38.69, while Caterpillar follows closely behind, declining 5.36% to 64.1.
Amer Intl Group, Boeing and United Tech have also sustained losses.
Walmart Stores and Coca Cola are the only companies to make gains so far, climbing 0.99% and 0.48% respectively.
In Japan, the Nikkei is also down 131.93 points (1.04%) to 12557.66IFAonline
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