European shares lost ground in early trade on Monday with banks in the spotlight after U.S. regulators seized two financial institutions on Friday and Citigroup cut its rating on European banks. The FTSEurofirst 300 index of top European shares lost 0.5 percent to 1,163.87 points in morning trading. The budget carrier Ryanair was a major loser with a 22 percent slump after posting a sharp decline in quarterly net profit and issuing a warning on full-year earnings. British Airways fell 5.7 percent, Air France-KLM lost 2.8 percent and Lufthansa fell 4.1 percent. But banks were again the heaviest negative weight after U.S. regulators seized two more financial institutions and sold them to Mutual of Omaha Bank, making them the sixth and seventh casualties of the credit crunch. Interactive Graphic: World Markets "I expect there...
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