The FTSE 100 Index was 2.8 points higher at 6265.7 despite the slump from the banks, with Royal Bank of Scotland falling 7.4p to 248.6p, Lloyds Banking Group slipping 0.9p to 72.8p and Standard Chartered 5.4p lower at 549.2p.
The UK leading index of shares has been steadily rising since plunging to a low of 3,500 in March 2009. Technically we remain in a bull market until a number of the biggest market indices fall by more than 20pc for more than two-months.
London's FTSE 100 is seen slightly lower ahead of Thursday, as the equities rally apparently pauses for breath. Brent Crude Oil prices finally breached the psychologically significant US$50 per barrel level.