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Global Banking Problems Videos The FTSE 100 index has closed down 382 points, at 3932 - ending its worst week since the crash of 1987. The FTSE is suffering one of the worst weeks in its history The London stock index has lost around 21% of its value this week - falling 1047.9 points, after global recession fears rocked world markets. It means that £250bn has been wiped off the value of Britain's top 100 companies. Just after the market closed, the Chelsea Buillding Society said £55m was at risk following the collapse of the Icelandic banks Iceland's prime minister said the country's finance minister had held meetings at the US Treasury. Geir Haarde described problems with currency transactions between countries as "hiccups" and said they would be sorted out soon.... [read full story]
