Banks Take It On Chin in the Wake of Wall St Dive
Evening Standard - London › October 22, 2007
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Summary
THE big investment banks bore the brunt of Friday's sell-off on Wall Street, so it was inevitable that anything with a financial slant would come under selling pressure when trading resumed in London today.
It was a bad day for any company thinking of issuing bearish news. Dealers said the market was in no mood to take prisoners as prices were marked sharply lower across the board. The City was fighting a fierce rearguard action in the face of big losses in Asian markets this morning. The FTSE 100 index dived 98.9 points to 6429.0.See the full content of this document
Extract
Banks Take It On Chin in the Wake of Wall St Dive
Troubled Northern Rock was among the biggest fallers dropping 6.7p to 180p in the wake of Friday's departure of chairman Matt Ridley. Nort...
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