Bank fears drag RBS shares down

More fears over the health of UK banks dragged shares in Royal Bank of Scotland down by another 30%.

The latest decline came as London's leading share index opened in positive territory after Monday's 7.8% fall wiped £93 billion from the value of the country's leading shares.

But amid reports that bosses of the UK's major banks met Chancellor Alistair Darling on Monday night to ask for billions of pounds of funding, the sector came under heavy selling pressure, helping to pare back gains to less than 10 points by the end of the first hour of trading.

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