Shares in British banks were broadly up on the FTSE 100 in morning trading, following gains on the stock market yesterday afternoon.

Yesterday the FTSE 100 closed 0.4 per cent higher, after it reached a three week low the day before, when it fell 2.4 per cent.

Today banking shares looked to be helping the FTSE 100 gain back some of its lost ground.

By 09:50 shares in Lloyds Banking Group were up 1.84 per cent to 71.99 pence per share, RBS shares increased 1.77 per cent to 47.23 pence per share while Barclays shares climbed 2.42 per cent to 317.05 pence per share.

HSBC however saw its shares decline 0.45 per cent to 658.30 pence per share.

Overall the FTSE 100 was up 0.61 per cent to 5,298.33.