Will UK banks catch the coronavirus?

Will UK banks catch the coronavirus?

Since fears around the global spread of Covid-19 began to coalesce on 24 February, the FTSE 350 Banks Index (NMX8350) has fallen by a fifth, bringing the year-to-date declines to more than 28 per cent. That should be of little surprise to investors. By their nature, lenders are always highly exposed to fears around contracting economic activity.

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