Leading Banks Suffer Credit Crisis Consequences by Finance News Bulletin

Published: 20/11/07

Three of Britain’s main banks lost £14 billion of the market value in two days last week, amongst doubts of a impending crisis Barclays, the Royal store of Scotland and HSBC were the banks to suffer, with Barclays the worst affectedinformation had suggested that Barclays had been forced to apply for an emergency loan from the store of England, causing an 11 per cent reduce in its market value Meanwhile, the regal Bank of Scotland lost 8 per cent of its value, and HSBC suffered a 4

7 per cent reduce As a consequence, the FTSE 100 Index fell by 2 per cent last week, ending at 65306Barclays suffered further bad information yesterday, as share prices dropped by 9 per cent amidst rumours that the store is set to report a £4

8 billion defeat The latest fall takes the total drop to 40 per cent since the highs of last yearmost important

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