Barclays shares hit by Spanish banks stress test failure - papers

The warning to Spain's banks comes after ratings agency Moody's shocked the markets with a downgrade of the country's debt, the Guardian reports. Spain's rating woes hit banking stocks, with Barclays, which is heavily exposed to the Iberian peninsula, down 4.1p at 301.4p and Royal Bank of Scotland dropping 1p to 43p at the FTSE close last night. The Spanish units of Deutsche Bank and Barclays were among several banks to fail tests set by the Banco de España, Spain's central bank, with Barclays the worst hit by a demand to inject €552m to reach a core capital ratio of 8%. Both banks...