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Bank charges: FTSE 100 bank shares drop

Banking stocks on the FTSE 100 were lower on Monday.

This is after the Parliamentary Commission on Banking Standards said that they would like to impose tougher rules.

Among the plans that were discussed were proposals to impose a higher leverage rate, which determines how much capital banks need to have behind them before they can lend. Currently, this is at three per cent internationally but the Commission wants to make this higher for UK banks.

This move is hoped to add protection against a financial crisis in the UK. However, shares will have been affected as a higher leverage rate will make banks less free to lend money.

Shares in Royal Bank of Scotland (RBS) and Barclays have already fallen by 2.5 per cent, while Lloyds Banking Group shares dropped by 1.7 per cent and HSBC shares fell by 0.8 per cent.

Taxpayers own shares in RBS and Lloyds, since both banks had to be bailed out in 2008.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801554444-ADNFCR

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