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Darren Beddard Group moderator
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Bank shares lead Asian markets lower
Asia-Pacific shares dropped on Tuesday following sharp declines in Europe overnight over concerns about the state of the UK banking industry.

Fears heightened about Royal Bank of Scotland ending up in complete state control following the UK government’s increased stake and expectations that the bank would post $40.5bn in losses. The news coupled with a fresh bailout plan from the UK government weighed heavily on banking shares and Royal Bank of Scotland slumped a record two thirds of its value and took other banking shares with it.

for more information please follow link below

http://www.ft.com/cms/s/0/8fbcbfd6-e69d-11dd-8e4f-0000779fd2...
- 20 Jan 2009, 10:31 am
Darren Beddard wrote: > Asia-Pacific shares dropped on Tuesday following sharp declines in > Europe overnight over concerns about the state of the UK banking > industry. > > Fears heightened about Royal Bank of Scotland ending up in complete > state control following the UK government’s increased stake and > expectations that the bank would post $40.5bn in losses. The news > coupled with a fresh bailout plan from the UK government weighed > heavily on banking shares and Royal Bank of Scotland slumped a record > two thirds of its value and took other banking shares with it. > > for more information please follow link below > > http://www.ft.com/cms/s/0/8fbcbfd6-e69d-11dd-8e4f-0000779fd2ac.html

IFA Wealth Forum

Bank shares lead Asian markets lower