London's FTSE-100 index surged 1.4% higher yesterday as hopes of a resolution to the eurozone crisis offset another day of scandal for Britain's banking sector.
London's FTSE-100 index surged 1.4% higher yesterday as hopes of a resolution to the eurozone crisis offset another day of scandal for Britain's banking sector.
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Barclays shares came under further pressure after Thursday's 15.5% tumble following revelations of its rate-rigging scandal.
However, Lloyds Banking Group and Royal Bank of Scotland made gains as the wider index leapt 78.09 points to 5571.15 after politicians agreed at a summit in Brussels that struggling banks could have direct access to the European Union's bailout fund without adding to Government debt.
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