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(From Guardian Unlimited)
Banking and financial stocks are tumbling across Europe as traders fret about the impact of President Obama's clampdown on the excesses of Wall Street and the possibility that politicians this side of the Atlantic will follow suit .
Barclays, down 7.75p at 275.25p, is the early morning session's second biggest loser in the FTSE 100 index on fears it may have to separate its US trading arm. The biggest loser, however, is ICAP, down 16.2p at 409.5p as investors pull their cash out of the world's largest interdealer brokers and go in search of safer havens. Schroders drops 16p to GBP12.76 with Standard Life down 1.8p at 197.7p.