Global stocks slide on US bank strife

clock

Renewed concerns on the health of US banking institutions have spooked markets across the globe, with the FTSE100 sharply lower in morning trading.

London’s blue-chip index is currently 70.70 points (1.33%) behind to 5229.70. Royal Bank of Scotland is leading the banking sector’s losses so far, down 5.06% to 170.90. Standard Chartered, a stock which has escaped much of the recent dramas, has hit a 52-week low – sliding 4.79% to 1313. Rumours it will not bid for Alliance & Leicester has impacted Lloyds TSB, down 3.99% to 271. The morning’s largest loss belongs to media giant Thompson Reuters, 5.38% behind to 1178. Energy stocks seem immune to the early hardship, with British Energy and Scottish & Southern Energy up 2.2% to 721.5...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

Geopolitics in the driving seat

Michael Nelson
clock 25 June 2026 • 2 min read
Advisers highlight uncertain political and fiscal future after Starmer resignation

Advisers highlight uncertain political and fiscal future after Starmer resignation

Prime minister’s exit places chancellor Rachel Reeves’ position ‘inevitably’ under scrutiny

Isabel Baxter
clock 22 June 2026 • 5 min read
OBR independence 'a major advantage' for UK economy

OBR independence 'a major advantage' for UK economy

Treasury Committee hearing

Alex Sebastian
clock 20 May 2026 • 4 min read