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Bank worries haunt global markets BBC Stock markets have fallen across Asia and Europe as confidence in the US banking sector was dented further by the resignation of Citigroup's boss. Markets fell sharply in Asia in reaction to Charles Prince's exit, the second departure of a leading Wall Street bank boss within days. The Hang Seng index fell 5%, or 1,526 points, in Hong Kong while the Nikkei slid 248.56 points, or 1.5%, in Tokyo. Shares also fell in London, Paris and Frankfurt although losses were limited.
Credit squeeze The FTSE 100 benchmark index was down 94.3 points at 6,436.3 in late morning trade in London with Northern Rock, Barclays, Royal Bank of Scotland and Alliance & Leicester among finance stocks to suffer. Meanwhile, the Dax index was down 50.62 points at 7,798.87 in Frankfurt while, in Paris, the benchmark Cac index slipped 56.74 points to 5,663.68.
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