{"id":441,"date":"2023-05-01T23:38:13","date_gmt":"2023-05-01T23:38:13","guid":{"rendered":"https:\/\/latestnews.top\/2023\/05\/01\/sharp-sell-off-in-bank-stocks-expected-as-jittery-markets-prepare-for-fallout\/"},"modified":"2023-05-01T23:38:13","modified_gmt":"2023-05-01T23:38:13","slug":"sharp-sell-off-in-bank-stocks-expected-as-jittery-markets-prepare-for-fallout","status":"publish","type":"post","link":"https:\/\/latestnews.top\/sharp-sell-off-in-bank-stocks-expected-as-jittery-markets-prepare-for-fallout\/","title":{"rendered":"Sharp sell-off in bank stocks expected as jittery markets prepare for fallout"},"content":{"rendered":"


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Sharp sell-off in bank stocks expected as jittery markets prepare for fallout from First Republic collapse<\/h2>\n

By Mark Shapland For The Daily Mail<\/a> <\/p>\n

Published:<\/span>

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All eyes will be on the markets today amid what is expected to be a sharp sell-off in bank stocks around the globe.<\/p>\n

In London, traders and bankers spent the weekend assessing exposure to the fallout of First Republic in what was described by some as a \u2018marathon.\u2019<\/p>\n

Fears are mounting of contagion, which could expose other lenders. While many investors say that this is not a \u2018Lehman\u2019s moment\u2019, others believe that other banks could also now be in trouble.<\/p>\n

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Aftermath: In London, traders and bankers spent the weekend assessing exposure to the fallout of First Republic in what was described by some as a \u2018marathon\u2019<\/p>\n<\/div>\n

Traders are particularly nervous that central banks are continuing to raise rates in a banking crisis. Nevertheless many experts stressed that First Republic\u2019s travails were a delayed reaction to the turmoil in March rather than the opening of a new phase in the crisis.<\/p>\n

Analysts anticipate HSBC, Lloyds, Barclays, NatWest and Standard Chartered will all be sold off after having billions wiped off their share prices already this year.<\/p>\n

Last week NatWest posted strong profits but investors were disappointed by the deposit figures which showed billions leaving the bank.<\/p>\n

Mid-tier lenders such as Metro Bank will also be monitored, as well as challenger banks such as Monzo, Revolut and Starling Bank.<\/p>\n

One trader told the Daily Mail: \u2018It was a marathon weekend for many in the City. There is real fear going into the first trading session of the week. There will be a lot of nerves.\u2019<\/p>\n<\/div>\n

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