US stock markets have tumbled for a second consecutive day, on concern over President Obama's plan to revamp the US banking industry.
The Dow Jones plunged by 216 points, or 2%, to close at 10172.98, while the technology heavy Nasdaq fell by 2.6%, or 60 points, to finish at 2205.29.
The broader S&P 500 Index also sank by more than 2% to end at 1091.76.
Financial shares in both the US and Europe led the fall. Barclays dropped by 4%, while JPMorgan fell 3.4%.
Mr Obama - who said he was "ready for a fight" with banks - plans to limit their size and restrict risky trading.
"Never again will the American taxpayer be held hostage by banks that are too big to fail," Mr Obama said. - BBC
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