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UK banks extend losses on recession worries after US tariffs

ReutersApr 4, 2025 7:24 AM

Shares in the UK banks index .FTNMX301010 fall sharply for a second consecutive session after U.S. President Donald Trump unveiled new tariffs on Thursday, stoking worries about growth in the world's largest economy

Standard Chartered STAN.L is the top pct loser in the banking index and broader FTSE 100 .FTSE index, falling more than 4%

Natwest NWG.L declines 3.8%, Barclays BARC.L down 3.2%

Lloyds LLOY.L and HSBC HSBA.L lose 2.4% and 3%, respectively

Investec INVP.L, Metro MTRO.L and Close Brothers CBRO.L fall 2.3% each

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