Banks remain under fire in London
Banks remain under fire in London
The FTSE fell sharply as the fall-out from the rescue of Northern Rock continued to hit the market. Other lenders also suffered from the growing crisis of confidence, fuelled by comments from Alan Greenspan, former chairman of the Federal Reserve, that US house prices were likely to fall “significantly”.
Source: www.ft.com
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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