FTSE skids nearly 5 pct lower as oils, Wall St slide

* FTSE 100 ends down 4.8 percent at 4,005.68 points

* 0il shares lead decline, tracking crude lower

* BoE minutes signal further steep rate cuts could come

By Rebekah Curtis

LONDON, Nov 19 (Reuters) - Britain's FTSE 100 .FTSE skidded 4.8 percent lower on Wednesday, with banks and oil shares tumbling and as Wall Street took a whipping from a grim outlook for the global autos industry.

The FTSE 100 closed down 202.87 points at 4,005.68. The index has lost 38 percent so far this year as a global banking crisis has driven the global economy onto the brink of recession.

Shares in energy companies were the day's standout losers, with BP (BP.L), Royal Dutch Shell (RDSa.L) and BG Group (BG.L) dropping between 3.7 and 5.9 percent as crude oil fell about 1 percent.

A battered banks sector was further depressed by J.P Morgan Securities slashing its earnings estimates on the UK banking sector and taking the axe to share-price targets. [ID:nBNG377145]  Continued...