LONDON Jan 29 European equities turned negative
on Tuesday, with Royal Bank of Scotland leading European
banks lower after a media report that the British bank was close
to a settlement over Libor interest-rate rigging allegations.
The market also came under pressure from weaker tech stocks
, down 0.5 percent, with Germany's Software AG
falling 14.5 percent after saying it expected 2013 earnings per
share to be down from the previous year.
RBS dropped 5.3 percent on a Wall Street Journal report,
citing people briefed on the negotiations, that the bank was
nearing a 500 million pounds ($785.32 million) settlement with
U.S. and British authorities over claims some of its employees
submitted false Libor rates.
The STOXX Europe 600 banking index fell 1 percent,
the top sectoral faller, while the FTSEurofirst 300 index
of top European shares was down 0.1 percent at 1053 GMT
after opening higher.