[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Monday, 17 September 2007, 16:47 GMT 17:47 UK
Banking shares fall across Europe
Euro coins
Banks in the eurozone get access to cash from the ECB
Banking shares have been falling across Europe as savers continue to withdraw money from the troubled British bank Northern Rock.

The firm's boss told the Independent newspaper that three unnamed Spanish banks had sought help from the European Central Bank (ECB).

Although the ECB denied any Spanish banks had used emergency financing facilities, their shares were hit.

French and Italian banks were also hit on fears of financial woes spreading.

Banks in the eurozone are entitled to use the ECB's routine liquidity facilities, but the ECB stresses that using that does not suggest they are in difficulties.

No other bank matched the falls in Northern Rock shares, which plunged 35% by the end of trading in London.

But Spanish banks fell quite sharply, with Bankinter down 5.1% in late afternoon trading, making it one of the biggest fallers on Madrid's Ibex index.

In late afternoon trading in Paris, BNP Paribas was down 2.4% while Societe Generale had fallen 2.3%.

In Frankfurt, Deutsche Bank shares were down 2.1%.




MARKET DATA - 11:36 UK

FTSE 100
5429.64up
23.70 0.44%
Dax
5733.05up
19.54 0.34%
Cac 40
3784.02up
14.48 0.38%
Dow Jones
10403.79up
78.53 0.76%
Nasdaq
2273.57up
35.31 1.58%
S&P 500
1115.71up
11.22 1.02%
BBC Global 30
5707.15up
20.65 0.36%
Data delayed by at least 15 minutes




FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific