UK banks may finally enjoy the year of high returns predicted by investors in 2023, with better-than-expected leading economic indicators making banking a more appealing sector, experts have told Investment Week.
2023 marked a tumultuous period for banks globally, after the US suffered a regional banking crisis sparked by the collapse of Silicon Valley Bank, an event which coincided with the demise of Credit Suisse in Europe. As financial markets attempted to determine if this could be a repeat of 2008, governor of the Bank of England Andrew Bailey was questioned extensively about the health of UK banks, stating that no additional stress was experienced in the UK banking sector as a result of events in the US and Europe. Guy de Blonay, portfolio manager of the Jupiter Financial Opportunities f...
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