Banks' share prices fall sharply

Banks' share prices fall sharply

news.bbc.co.uk
(visit the link for the full news article)

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[edit on 7/10/2008 by Badge01]

newsvote.bbc.co.uk...

the market is posting a recovery from yesterday - BUT the big UK banks are all taking hits today; but it seems doomsday has been avoided for the time being - i can see the US markets rallying based upon the lead from europe

news.bbc.co.uk
(visit the link for the full news article)

====
Mod Edit: Title fixed to reflect original article


[edit on 7/10/2008 by Badge01]

Except the European indexes are falling now. Looks like another day of sell offs and new lows for the US markets.

edit: Looks like the Europeans are buying up gold right now too. Flight to safety...

[edit on 10/7/2008 by mythatsabigprobe]

aye eary gains are turning from green to red as its going south again

From a conspiracy angle, this would be exactly what is expected, IF the goal is to gain control of the major banks with eventual consolidation (in years rather than months) to a single western bank.