Nearly £11bn wiped off UK banks after US regional banking fears spooked markets – as it happened

<p>European stock markets have fallen after two US regional lenders disclosed on Thursday that they were exposed to alleged fraud by borrowers</p><ul><li><p><a href="https://www.theguardian.com/business/2025/oct/17/global-stock-markets-fall-and-gold-hits-record-high-amid-jitters-over-us-banks"><strong>Global markets fall and gold hits record high amid jitters over US banks</strong></a></p></li><li><p><a href="https://www.theguardian.com/business/2025/oct/16/us-regional-bank-stocks-fall">US regional bank stocks fall amid Wall Street concern over credit markets</a></p></li></ul><p><strong><br></strong></p><p>Storm clouds are gathering over the financial markets, warns <strong>Richard Hunter,</strong> head of markets at<strong> interactive investor:</strong></p><p>There are increasing signs of storm clouds gathering over markets, with little relief from the building wall of worry.</p><p>Already grappling with stretched stock valuations in the AI space, an unresolved government shutdown and a deteriorating relationship between Beijing and Washington, investors were exposed to a new source of concern in the form of lending practices and bad loans for US regional banks.</p> <a href="https://www.theguardian.com/business/live/2025/oct/17/us-dollar-worst-week-since-august-trade-tensions-stock-markets-bonds-business-live-news">Continue reading...</a>