Telegraph
The sharp decline took the FTSE 100 below the lows experienced last October as UK banks teetered on the edge of collapse and were bailed out by the Government.
It came as analysts expressed concerns about the state of the UK economy, saying the financial crisis could spill over into other industries.
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FTSE plummets to six-year low after HSBC reveals £12.5bn share sale (Daily Mail)
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Wall Street stocks hit 12-year low as insurer AIG unveils £43.8bn loss... the biggest quarterly loss in U.S. history (Daily Mail)
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World stocks tumble on AIG's $61.7bn loss (Independent)
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