UK lenders fall after think tank suggests tax on BoE reserves

Metro Bank Holdings

29/08/2025 08:41

** Shares in FTSE 350 bank index .FTNMX301010 fall 1.4% after think tank suggests taxing banks based on their BoE reserves

** NatWest NWG.L down 4%, Lloyds LLOY.L down 3.4% and Barclays BARC.L down nearly 3%, top losers on the FTSE 100 index .FTSE, which has shed 0.18%

** Metro Bank MTRO.L falls nearly 1.3%

** London-listed shares of HSBC HSBA.L and Standard Chartered STAN.L down marginally

** YTD, LLOY up ~46%, MTRO up 35%, BARC up ~35%, NWG up ~29%, vs 30% rise in banking sub-index; FTSE up ~13%

 (Reporting by Unnamalai L in Bengaluru)

 ((Unnamalai.L@thomsonreuters.com;))