UK banks dragged into eurozone crisis as global markets take fright

Lloyds, RBS and Barclays take £5bn hit as stock and commodity prices plummet, while US urges Europe to be more decisive More than £5bn was wiped off the value of three of Britain's biggest banks on Monday as global financial markets took fright at the deepening crisis in the eurozone. Stocks fell heavily in Europe and North America while gold rose to a new record of more than $1,600 (£995) an ...

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Source: Guardian Unlimited

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