Europe shares slide, led by banks

* FTSEurofirst 300 down 2.6 percent, banks top losers

* Worries of more losses, capital raising hit financials

* Oils down with crude price

By Sitaraman Shankar

LONDON, July 8 (Reuters) - European shares fell sharply on Tuesday, tracking a sell-off in global equities on intensified worries of more losses and capital raising in the battered financial sector.

At 0853 GMT, the FTSEurofirst 300 index of top European shares was down 2.6 percent at 1,148.05 points, taking its losses for the month to more than 4 percent and for the year to more than 23 percent.

Banks were the top losers, accounting for about a fifth of the index's decline on the day.

UBS (UBSN.VX: Quote, Profile, Research) fell 4 percent, Credit Suisse (CSGN.VX: Quote, Profile, Research) lost 5 percent and Alliance & Leicester (ALLL.L: Quote, Profile, Research) slid 9 percent, while Irish banks Allied Irish (ALBK.I: Quote, Profile, Research), Anglo Irish (ANGL.I: Quote, Profile, Research) and Bank of Ireland (BKIR.I: Quote, Profile, Research) slumped 9-13 percent.

British midcap Bradford & Bingley (BB.L: Quote, Profile, Research) plummeted 23 percent to a fresh record low, deepening concerns over its outlook even after an enlarged 400 million pound cash call.