UK banks lose £11 bn as U.S. regional-bank losses ripple globally
Major UK banks saw their combined market valuation fall by about £11 billion (~$14 billion) on Friday after losses at U.S. regional banks triggered global contagion fears. European banks including :contentReference[oaicite:8]{index=8}, :contentReference[oaicite:9]{index=9} and :contentReference[oaicite:10]{index=10} tumbled 6-7% as investor sentiment turned cautious. The sell-off reflects concerns that non-bank and regional credit losses in the U.S. could transmit through global banking and funding markets. Sovereign yields and gold surged as safe-havens, while stocks outside tech lagged.
negative
1 day ago
UK banks lose £11 bn as U.S. regional-bank losses ripple globally
Major UK banks saw their combined market valuation fall by about £11 billion (~$14 billion) on Friday after losses at U.S. regional banks triggered global contagion fears. European banks including :contentReference[oaicite:8]{index=8}, :contentReference[oaicite:9]{index=9} and :contentReference[oaicite:10]{index=10} tumbled 6-7% as investor sentiment turned cautious. The sell-off reflects concerns that non-bank and regional credit losses in the U.S. could transmit through global banking and funding markets. Sovereign yields and gold surged as safe-havens, while stocks outside tech lagged.
negative
UK banks lose £11 bn as U.S. regional-bank losses ripple globally
1 day ago
1 min read
74 words
UK banks shed ~£11 bn in value amid U.S. regional-bank stress, signalling credit-shock risks for global banking markets.
Major UK banks saw their combined market valuation fall by about £11 billion (~$14 billion) on Friday after losses at U.S. regional banks triggered global contagion fears. European banks including :contentReference[oaicite:8]{index=8}, :contentReference[oaicite:9]{index=9} and :contentReference[oaicite:10]{index=10} tumbled 6-7% as investor sentiment turned cautious. The sell-off reflects concerns that non-bank and regional credit losses in the U.S. could transmit through global banking and funding markets. Sovereign yields and gold surged as safe-havens, while stocks outside tech lagged.
Major UK banks saw their combined market valuation fall by about £11 billion (~$14 billion) on Friday after losses at U.S. regional banks triggered global contagion fears. European banks including :contentReference[oaicite:8]{index=8}, :contentReference[oaicite:9]{index=9} and :contentReference[oaicite:10]{index=10} tumbled 6-7% as investor sentiment turned cautious. The sell-off reflects concerns that non-bank and regional credit losses in the U.S. could transmit through global banking and funding markets. Sovereign yields and gold surged as safe-havens, while stocks outside tech lagged.