FTSE 350 Review 2019 

FTSE 350: Banks braced for geopolitical tumult

FTSE 350: Banks braced for geopolitical tumult

Is now the time for investors to pick up some bargains among the UK’s banking stocks? Shares in major lenders and their challengers ended 2018 trading at their lowest levels in more than two years and have recovered little since. More than a decade on from the financial crisis and it is not lenders' own mis-steps that have turned investors away, but geopolitical tumult. Concerns around UK borrowers defaulting on their loans in the event of a Brexit-induced economic downturn has hurt sentiment towards domestic lenders. Emerging-market-focused lending giants HSBC (HSBA) and Standard Chartered (STAN) have not fared any better, due to a maelstrom of trade wars, slowing Chinese growth and fears the country’s high debt pile could turn toxic.

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