0721 GMT - U.K. domestic banks are more shielded than international peers from the turbulence in global markets caused by the U.S. tariff announcements and reshaping of economic activity across the world, Shore Capital says in a research note. "How inflation and therefore the pathway for interest rates evolves could impact net interest margins, and credit demand, while increased market turbulence could have a dampening impact on capital markets activity levels while potentially bolstering markets activity," analysts Vivek Raja and Gary Greenwood write. Asia-focused HSBC and Standard chartered were hit harder than their U.K. domestic counterparts NatWest, Barclays and Lloyds given Asian economies face the highest tariffs. Smaller peers such as Arbuthnot, Close Brothers, OSB, Paragon, Secure Trust and Vanquis are less exposed. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
April 04, 2025 03:21 ET (07:21 GMT)
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