Bank giants stabilise after hitting two-year lows

Barclays is up 3.54% to 215p, RBS rose by 1.27% to 33.41p, while Lloyds climbed 2.85% to 42.5p. Elsewhere, HSBC rose 1.2% to 598p. Yesterday, more than £5bn was wiped off the value of three British banking giants amid fears eurozone contagion risk would spread to the UK. Lloyds declined 7.5% to 41p, RBS moved 6% lower to 33p and Barclays slid 7% to 207p. The hit to the banking sector had automatically impacted the value of the London stock exchange, but this morning marginal recovories were seen. The FTSE recovered 0.5% to 5,781.35, while the German Dax climbed 0.97% to 7,176.72 and t...