FTSE 100 falls amid fears that turmoil at troubled US tech lender could cause contagion across sector
Regulators at the Bank of England are closely monitoring the UK banking sector, after the troubled tech lender Silicon Valley Bank was forced to shut by US regulators.
Regulators in California took control of SVB’s deposits on Friday afternoon, amid fears that turmoil at the bank – which developed quickly over the previous 24 hours – could put customers’ deposits at risk and lead to further contagion across the financial system.
