FTSE 100 movers: Banks reassured by Myners

Banks turned round this morning after the City minister Lord Myners ruled out the UK following the US lead on tough bank controls.The minister is heading a summit today on the issue and is said to favour an insurance levy that would be used in the event of another bank failure and bail-out. Royal Bank of Scotland and Lloyds both rallied after dips early on.Miners are also rallying a little as Credit Suisse suggests fears about China have been overdone and that the the recent weakness in mining shares represents a buying opportunity. Xstrata and Anglo American are its favoured plays.British Airways is among the fallers after its canin crew began a new ballot on industrial action that could begin as soon as 1 March, although the union has ruled out any stoppages over Easter.FTSE 100 - RisersLegal & General Group (LGEN) 79.00p +3.74%Royal Bank of Scotland Group (RBS) 35.77p +3.14%Barclays (BARC) 279.40p +2.97%Standard Chartered (STAN) 1,462.00p +2.38%Wolseley (WOS) 1,453.00p +2.32%Lonmin (LMI) 1,881.00p +2.17%Kazakhmys (KAZ) 1,320.00p +2.01%Thomas Cook Group (TCG) 234.20p +1.69%FTSE 100 - FallersSerco Group (SRP) 505.00p -1.75%Reed Elsevier (REL) 508.50p -1.45%Man Group (EMG) 268.70p -1.39%GlaxoSmithKline (GSK) 1,254.00p -1.26%British American Tobacco (BATS) 2,028.00p -1.24%British Airways (BAY) 205.40p -1.20%Vodafone Group (VOD) 133.90p -1.18%Tesco (TSCO) 417.00p -1.13%Meanwhile, Citigroup predicted the miners will soon bounce back from their recent decline, given the number of investors keen to buy on any dips. But Citi warned that there could be storms brewing in the medium term for the industry.