U.K. Banks Recoup Some Losses From Friday's Slide on Tax Fears -- Market Talk

Dow Jones
Sep 01

0710 GMT - U.K. banking shares rise in morning trade Monday, recovering some of the losses logged on Friday when talk of possible tax increases on the sector as part of the U.K.'s October budget statement spooked investors. Shares in domestic lenders Barclays, NatWest and Lloyds Banking Group traded close to 1% higher. "An increase in the U.K. bank tax cannot be ruled out, but we expect other tax levers to be pursued beforehand," Citi analysts say, adding that there was nothing new in the Financial Times article or the report by U.K. think tank IPPR. Jefferies analysts say "a 5% hit to domestic banks [on Friday] on the back of yet another think tank highlighting potential reserve-remuneration-related benefits is not justified." (elena.vardon@wsj.com)

 

(END) Dow Jones Newswires

September 01, 2025 03:10 ET (07:10 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10