UK banks extend losses on recession worries after US tariffs

Metro Bank Holdings

04/04/2025 08:24

** 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

 (Reporting by Aby Jose Koilparambil in Bengaluru)

 ((abyjose.koilparambil@thomsonreuters.com))