Old Mutual has been hit by the news that HSBC is not going ahead with the purchase of a controlling stake in South African bank Nedbank from the insurer.Old Mutual, RSA Insurance and Standard Life have all been hit by downgrades from Citigroup. In contrast, banks are recovering after yesterday's falls with RBS and Barclays among the best performers. BT is higher after it said that it will continue to be one of the government's main suppliers of network IT services after it promised to help cut costs.Insurer Resolution is buying Bupa Health Assurance for £102m, which is 62% of its estimated embedded value. The deal is earnings enhancing. FTSE 100 - Risers Royal Bank of Scotland Group (RBS) 46.51p +2.67%BT Group (BT.A) 147.00p +2.65%Barclays (BARC) 286.40p +2.30%Man Group (EMG) 268.80p +1.93%Resolution Ltd. (RSL) 254.70p +1.27%Lloyds Banking Group (LLOY) 71.31p +1.19%Rolls-Royce Group (RR.) 635.00p +1.11%British Airways (BAY) 276.50p +1.02%Experian (EXPN) 709.00p +1.00%Reed Elsevier (REL) 556.50p +0.91%FTSE 100 - FallersOld Mutual (OML) 137.00p -5.65%RSA Insurance Group (RSA) 132.70p -2.57%Standard Life (SL.) 229.20p -2.30%Xstrata (XTA) 1,317.50p -1.83%Kazakhmys (KAZ) 1,392.00p -1.76%Inmarsat (ISAT) 623.50p -1.73%Burberry Group (BRBY) 971.00p -1.72%Cairn Energy (CNE) 433.50p -1.57%Autonomy Corporation (AU.) 1,368.00p -1.51%Sage Group (SGE) 271.60p -1.42%