London's FTSE 100 index falls more than 250 points
London's FTSE 100 index fell more than 250 points on Monday with banks dropping sharply as efforts to shore up the financial system in the U.S. weren't matched by similar moves in Europe.On Friday, the U.S. government approved a $700 billion rescue plan for the financial sector but the move failed to shore up confidence in European financials after a similar plan failed to be agreed in Europe over the weekend.
The U.K. FTSE 100 index fell 5.3%, or 259.94 points, to 4,720.31, with all 100 constituents trading in the red....MORE
