Asia-focused bank Standard Chartered PLC (LON:STAN) was top laggard on the Footsie as third quarter profit fell short of analyst estimates.
Chief executive Bill Winters told investors: "We have made progress executing the strategic actions announced a year ago.
" We now have a stronger balance sheet, reduced concentrations and are becoming more efficient, but income and profit levels are not yet acceptable."
The group did post adjusted pre-tax profits of US$458mln compared to a loss of US$139mln last year, but that was still short of forecasts for over US$500mln.
Revenue for the three months fell 5.9% to US$3.47bn, while the biggest division - corporate and institutional banking - saw its revenue fall 7.5%.
The loan impairment of US$596 million was 5% lower than the same period last year but still higher than management wanted.
Mike van Dulken at Accendo Markets said management highlighting the still elevated loan impairments and expectations for markets to remain challenging was a message investors didn't "want to hear".