FTSE down as banking stocks fall

The slide comes as a result of the banks slipping firmly into the red, and spells another poor day for London, after the late slump on Friday. HBOS contributed to the downfall, slipping 7.18%, or 23.75, to 307. Barclays and RBS also struggled during a bad day for the banks. Barclays dropped 5.7%, or 19.25, to 318.5 while RBS fell to 233.75, marking a 11.75, or 4.79% slide. Xstrata however, managed to do relatively well, climbing 2.8%. John Wood Group also had a decent day, gaining 2.58% to finish on 477.25. BP made improvements of 2.41%, or 14, to 594.75, despite oil prices dropping sl...