Shares in British banks were broadly down on the FTSE 100 in morning trading ahead of news from the G20 meeting, currently being held in South Korea.

Policymakers are currently working to form an agreement to address economic imbalances and to put a stop to damaging currency devaluations. However it currently appears that no deal will be agreed this week.

By 09:35 shares in Lloyds Banking Group were up 0.16 per cent to 70.47 pence per share while RBS shares increased 0.68 per cent to 45.87 pence per share.

However Barclays shares declined 0.82 per cent to 283.60 pence per share and HSBC shares fell 0.13 per cent to 669.50 pence per share.

Overall the FTSE 100 was down 0.39 per cent to 5,735.35.

Barclays HSBC FTSE South Korea