{"id":182188,"date":"2023-10-27T17:05:39","date_gmt":"2023-10-27T11:35:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=182188"},"modified":"2023-10-27T17:05:39","modified_gmt":"2023-10-27T11:35:39","slug":"major-uk-banks-troubled-as-stocks-record-double-digit-falls-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/major-uk-banks-troubled-as-stocks-record-double-digit-falls-crypto-news\/","title":{"rendered":"Major UK banks troubled as stocks record double digit falls – Crypto News"},"content":{"rendered":"

<\/p>\n

Quick Take<\/h2>\n

Recent financial reports have highlighted an unsettling trend in the UK\u2019s banking sector, which has reached a six-month low, according to shareprices.com<\/a><\/p>\n

Six-month UK Banking Sector: (Source: shareprices.com)<\/figcaption><\/figure>\n

Despite reporting better-than-expected Q3 results<\/a>, according to the Financial Times, Lloyds Bank has seen its share price fall by 8% in the past month, a development attributed to the onset of higher interest rates.<\/p>\n

Comparable challenges are faced by Natwest Group, whose share prices plunged by 14% within the month following a cut in margin guidance, according to Bloomberg<\/a>. Both Natwest and Lloyds bailed out in 2008 and have struggled to recover their share price since.<\/p>\n

\"Natwest,
Natwest, Barclays, Lloyds: (Source: Trading View)<\/figcaption><\/figure>\n

Barclays Bank\u2019s share price has similarly taken a hit, dropping 17.5% in the past month after a downgrade by BofA<\/a> due to restructuring uncertainties, according to Reuters.<\/p>\n

St. James Place, one of the UK\u2019s largest financial services, is down by 26% this past month and a significant 44% YTD. The firm recently suspended trading in its property fund<\/a>, adding to its woes, according to City AM. Finally, Hargreaves Lansdown, another financial services company, has experienced a decline of 19% YTD and 14% in the past month.<\/p>\n

\"SJP
SJP and HL Share Price: (Source: Trading View)<\/figcaption><\/figure>\n

This broad downturn underscores the current strain on financial service companies in the UK, highlighting the need for stakeholders to remain vigilant in uncertain market conditions.<\/p>\n

The post Major UK banks troubled as stocks record double digit falls<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Quick Take Recent financial reports have highlighted an unsettling trend in the UK\u2019s banking sector, which has reached a six-month low, according to shareprices.com Six-month UK Banking Sector: (Source: shareprices.com) Despite reporting better-than-expected Q3 results, according to the Financial Times, Lloyds Bank has seen its share price fall by 8% in the past month, a […]<\/p>\n","protected":false},"author":2,"featured_media":182189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-182188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=182188"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182188\/revisions"}],"predecessor-version":[{"id":182190,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182188\/revisions\/182190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/182189"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=182188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=182188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=182188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}