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From: Dale Baker	1/21/2009 11:25:08 AM
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FT yesterday: Heavy selling pushes banks to 16-year low By Miles Johnson Published: January 20 2009 10:08 \| Last updated: January 20 2009 21:20 Europe’s banks slumped to their lowest level in almost 16 years on Tuesday as a burst of heavy selling crushed any chance of a rally after Monday’s rout. ING and Fortis fell as rumours circulated that a large Dutch bank, widely cited as ING, was preparing to raise up to €25bn of new equity in a deal underwritten by the Dutch government. ING fell 13 per cent to €5.38 and Fortis lost 9.8 per cent to €1.19.

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