FTSE dives into the red on banking woes

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The FTSE has suffered sharp falls in afternoon trading with banking stocks leading the plunge into the red amid renewed euro debt concerns.

Shortly after 2.30pm, London's leading share index was down 3.4%, or 185 points, to 5146. Barclays and Lloyds Banking Group have both tumbled more than 8% with Royal Bank of Scotland down 7.9% a...

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