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Bank stocks rise, nudging FTSE 100 higher

UK stocks edged up Wednesday, aiming for a fifth sessions of gains

UK stocks edged up Wednesday, aiming for a fifth sessions of gains, as shares of Royal Bank of Scotland and Barclays advanced after the banks reached a rate-rigging settlements with the Swiss regulator.

The FTSE 100 was up 0.1% at 7,051.74. Financial, industrial, tech and consumer services stocks were higher, but the commodity, utility and healthcare sectors lost ground. On Tuesday, the London benchmark rose 0.4% after swinging in and out of losses during the session.

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