ct that thebanks are going to start to produce good returns any time soon
Yuer Hutong is about to make a new turncrn,"said Peter Dixon, UK economist at Commerzbank.
"Markets obviously expect a very deep recession on bothsides of Atlantic."
Mining stocks fell on the recession sentiment and a drop inmetals prices. Copper hit a three-year low before paring losses
louboutin bridal shoes ,while nickel slipped 6 percent and platinum dropped by 4 percentbefore recovering.
BHP Billiton (BLT.L), Anglo American (AAL.L), VedantaResources (VED.L)
louboutin bridal shoes , Lonmin (LMI.L) and Xstrata (XTA.L) all fellbetween 3.0 and 6.4 percent.
Rio Tinto (RIO.L) was down 5.1 percent. The Daily Telegraphsaid Aluminium Corp of China was in talks with the liquidatorsof collapsed bank Lehman Brothers (LEHMQ.PK) to free up billionsof dollars in shares Chinalco owns in miner Rio Tinto.
Tour operator TUI Travel (TT.L) was the biggest decliner. Itshed 22.4 percent after Germany's TUI AG (TUIGn.DE) said it didnot intend for now to make an offer for TUI Travel.
Legal and General Group (LGEN.L) fell 3.5 percent after thecompany said it remained cautious about the economic outlook,but was confident that it was well positioned to exploitopportunities throughout the current economic cycle.
LONDON Dec 13 - Britain's leading shares shed 3percent on Thursday to touch a one-week low, with credit fearsstill playing on investors minds despite a plan by central banksto provide greater liquidity.
The FTSE 100 .FTSE ended down 195.6 points at 6,364.2 --its biggest one-day percentage loss since Aug 16.
On Wednesday
louboutin bridal shoes , the Federal Reserve launched new temporaryshort-term lending facilities to ease credit market strains inconcert with market-calming actions by several other majorcentral banks.
Midway through Thursday's session
louboutin bridal shoes , the index briefly cut itslosses after Lehman Brothers LEH.N beat forecasts with itsquarterly earnings.
But banks remained the worst hit on the day, shaving morethan 52 negative points off the index.
"The problem comes in actually tryin