£62bn lost on City's worst day for 3 years as bank fears spark panic on the markets

Daily Mail
Analysts tell of markets hit by a 'tidal wave of selling'
German index plummets by 5.8 per cent
French stock market falls 5.5 per cent
Dow Jones Industrial Average 3.9 per cent down
Morgan Stanley warns U.S. and eurozone 'dangerously close to recession'