Banking stocks were higher today after it was reported that capital and liquidity rules have been relaxed in an effort to stimulate lending.
The Financial Services Authority has told banks that they would not be required to hold extra capital against loans used in the "funding for lending" scheme, according to the Financial Times.
In a session when the FTSE 100 Index drifted 15.2 points lower to 5794.3, Lloyds Banking Group was 3.5% higher, up 1.3p at 38.3p, and Royal Bank of Scotland cheered 5.25p to 262.6p.
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