Shares in British banks were mixed on the FTSE 100 in morning trading, with part nationalised banks Lloyds Banking Group and RBS falling.

This morning Credit Suisse cut its target price on Lloyds Banking Group as the bank may be vulnerable to falling house prices.

Lloyds Banking Group is still 40 per cent owned by the British taxpayer, while RBS is owned 80 per cent. Both Barclays and HSBC however survived the financial crisis without a government bailout.

By 10:15 shares in Lloyds Banking Group were down 2.17 per cent to 70.29 pence per share and RBS shares dropped 0.28 per cent to 46.05 pence per share.

However Barclays shares rose 0.28 per cent to 283.85 pence per share and HSBC shares increased 0.88 per cent to 672.70 pence per share.

Overall the FTSE 100 was up 0.74 per cent to 5,784.05.

Barclays HSBC FTSE