Shares in British banks were broadly up on the FTSE 100 in morning trading as bailout talks in Brussels continued today.

Yesterday finance ministers from the Eurozone met to discuss a bailout package for debt ridden Portugal and a second bailout for Greece.

The talks were overshadowed by the arrest of Dominique Strauss-Kahn, the head of the IMF, who had been due to take part in the talks.

Mr Strauss-Kahn was arrested in New York after being accused of attempting to rape a hotel chambermaid. His place at the talks has been taken by his deputy John Lipsky.

By 10:55 shares in Lloyds Banking Group were up 0.14 per cent to 5,932.03 pence per share, RBS shares climbed 0.50 per cent to 42.41 pence per share and Barclays shares rose 0.48 per cent to 275.00 pence per share.

However HSBC saw its shares decline 0.28 per cent to 641.00 pence per share.

Overall the FTSE 100 was up 0.14 per cent to 5,932.03.