Nearly £11bn wiped off UK banks after US regional banking fears spooked markets – business live
NegativeWorld Affairs

Recent fears surrounding US regional banks have led to a significant drop in European stock markets, wiping nearly £11 billion off UK banks. This situation arose after two US lenders revealed their exposure to alleged borrower fraud, causing widespread concern among investors. The implications of this financial instability are far-reaching, as it not only affects the banking sector but also raises questions about the overall health of the economy, prompting many to seek safer investments like gold.
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