FTSE opens lower as banks tank

Gloomy news from mortgage bank Bradford & Bingley has smashed HBOS, down 8.19% to 367.25 so far. Compatriot Alliance & Leicester is not faring too much better, currently sitting 6.41% lower to 398. The London Stock Exchange Group is also falling as Morgan Stanley cut the price target on the exchange, down 4.24% to 983.50. Asset manager Schroders is faring well on opening however, its non-voting stock is currently 2.41% ahead to 933. BHP Billiton and Rio Tinto are leading another strong start for miners, up 1.78% to 1948 and 1.55% to 6149 respectively. In New York, the Dow Jones IA fin...