FTSE falls further 1% as Greece fallout continues

After posting its largest one-day fall in five months yesterday to close more than 2.6% down, the index has now dropped another 50.8 points, or 0.91%, to 5,552.72. Global shares tumbled Tuesday after credit ratings agency S&P downgraded Greece's long and short-term sovereign credit ratings to BB+ and B respectively, from BBB+ and A-2. Greek regulators have since announced a ban on short-selling on Greece's stock market. The moves hit US and European markets. On Wall Street, the Dow Jones closed Tuesday down 213 points, or 1.9%, at 10,991.99. On the FTSE, banking giants RBS and Lloy...