Shares in British banks were broadly down on the FTSE 100 in morning trading following strong gains yesterday.

Yesterday banking shares rose, thanks in part to fears that Portugal will be the next euro bailout country fading temporarily into the background.

Today however the shares started to retreat following the gains.

By 10:10 shares in Lloyds Banking Group fell 0.52 per cent to 67.46 pence per share, Barclays shares declined 1.64 per cent to 302.70 pence per share and HSBC shares dropped 0.99 per cent to 702.30 pence per share.

However RBS saw its shares rise 0.14 per cent to 42.95 pence per share.

Overall the FTSE 100 was down 0.20 per cent to 6,044.33.

Barclays HSBC FTSE Portugal