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US financial shares hit 11-year low as Dow tumbles again

Shares in US financial companies plunged to an 11-year low and the benchmark Dow Jones Industrial Average skidded another 500-plus points in a late afternoon retreat.

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MARK SMITH, Deputy Business Editor

Shares in US financial companies plunged to an 11-year low and the benchmark Dow Jones Industrial Average skidded another 500-plus points in a late afternoon retreat after Federal Reserve chairman Ben Bernanke warned that the risks to US economic growth had heightened.