FTSE 100 falls as EU summit enthusiasm fades

UK's FTSE 100 lost 0.5% on Monday as investors became sceptic whether the measures proposed by EU leaders during the summit will manage to solve the debt crisis. Financials and mining companies pushed on the UK benchmark index most heavily. Royal Bank of Scotland Group PLC plunged 4.7% after Financial Services Authority reported that various factors nearly destroyed the bank during 2008 financial crisis.  Lloyds Banking Group PLC shares fell 6.7% while HSBC Holdings PLC edged down 1.7%. Miners BHP Billiton PLC and Rio Tinto PLC dropped 2% and 1.5% respectively.