Reply #33: Bank shares slide over US fears [View All]

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http://www.independent.co.uk/news/business/news/bank-shares-slide-over-us-fears-2325810.html

Banking shares suffered more heavy losses today as traders continued the countdown to potential financial meltdown in the United States.

The FTSE 100 Index was only slightly lower late in the session as the weighty mining sector and safe-bet utility firms helped offset greater losses.

But the ongoing deadlock between politicians over lifting the debt limit in the United States to avoid a default coupled with another damning debt downgrade for Greece to rock traders' confidence.

Ratings agency Moody's cut Greece's debt to two notches above default status, sparking further concerns over the eurozone debt crisis.