Beautiful Virgin Islands

Sunday, Mar 29, 2026

Stocks rebound as US and UK seek to calm investors

Stocks rebound as US and UK seek to calm investors

Stock markets around the world have bounced back after the US and UK governments again reassured markets about banks' stability.

Investors have recently been unnerved by a string of bank failures.

But US stock markets were higher after Treasury Secretary Janet Yellen signalled the US government would protect people's deposits if another bank collapsed.

In the UK, the FTSE closed 1.79% higher after gains in top bank shares.

NatWest, Prudential and Barclays shares gained about 5%, while Standard Chartered and Lloyds also traded higher.

Ms Yellen said "the situation is stabilising, and the US banking system remains sound" in a speech on Tuesday.

This follows the collapse of Silicon Valley Bank and Signature Bank earlier this month.

The failures were triggered by depositors rushing to withdraw money after anxiety over the banks' health.

And last week, a group of the biggest US banks raised $30bn (£24.5bn) in funds for regional lender First Republic Bank, but its share price still crashed by more than 45% on Monday.

Ms Yellen said the US intervention in the two bank collapses was necessary to "protect the broader banking system", after promising that all depositors in both banks would be protected.

She added that similar action could be taken if if the same happens to other smaller banks, indicating that savers would not lose their money if another bank were to collapse.


UK reassurance


Meanwhile, in the UK Chancellor Jeremy Hunt told MPs that the UK's financial system is "fundamentally strong" after facing questions from Labour's shadow chancellor Rachel Reeves.

Ms Reeves asked whether the system is "adequate to protect taxpayers and depositors" and if the government can be confident that no other UK banks are vulnerable to failure after Silicon Valley Bank UK's collapse.

There has also been further instability, including Swiss bank Credit Suisse having to be rescued by rival UBS.

Mr Hunt said that markets are unsettled, but the UK financial system is "fundamentally strong" and UK banks are have enough money - much more than before the 2008 financial crisis.

"We continue to monitor the situation carefully," he added.

The Bank of England along with six central banks around the world, including the US Federal Reserve, joined forces on Monday to help contain the spread of the crisis by boosting dollar flows into the financial system.

It means that banks can borrow dollars from the central bank through the course of the seven-day-a-week facility.

But so far, no banks have used the so-called swap line, suggesting that stress levels in the UK banking system are currently low.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Thousands Rally in London to Oppose Rise of Far-Right Movements
Hong Kong Official Rejects Allegations of Surveillance Orders Targeting UK-Based Dissidents
PayPal Expands Cryptocurrency Services to Allow UK Users to Buy and Sell Bitcoin
UK Minister Challenges Reform Party’s ‘Pro-Family’ Agenda as Debate Intensifies
Concerns Grow Over Meningitis Risk Among UK Students Amid Warning Signs of New Outbreaks
Japanese Grand Prix 2026: Schedule, UK Start Times and Full Broadcast Details
Electric Vehicles Seen as Strategic Solution to UK Fuel Reserve Concerns
Rise of Lone-Actor Threats and Online Radicalisation Drives New Wave of Antisemitic Attacks in the UK
Canada Advances Plan to Ban Cryptocurrency Donations in Election Campaigns
UK Faces Looming Medicine Shortages as Iran Conflict Threatens Supply Chains
Deadly Meningitis Outbreak in the U.K. Highlights Urgent Need for Vaccination
Fresh Claims Emerge Over Harry and Meghan’s Australia Visit as Insider Speaks Out
NATO Assessment Indicates UK Defence Spending Has Fallen Below Alliance Average
FTSE 100 Slips as Middle East Tensions Weigh on Investor Sentiment
UK Economy Begins to Feel Early Impact of Iran Conflict as Policy Challenges Intensify
Russian National Jailed in UK After Assault Case Linked to Barron Trump’s Alert
Energy Price Surge Accelerates Shift Away from Fossil Fuels in UK Homes
UK Museums House More Than 260,000 Human Remains, New Report Reveals
Surging UK Gilt Yields Reflect Inflation Pressures and Fiscal Uncertainty
UK Issues Updated Guidance on Children’s Screen Time with Focus on Balance and Wellbeing
UK Migration Figures Show Shifting Trends Across Asylum, Visas and Channel Crossings
UK Watchdog Launches Probe into Five Firms Over Alleged Fake Reviews and Ratings
Jaguar Land Rover Halts Production at UK Plant Amid Supplier Disruption
UK Police Reverse Position, Confirm Arrests Will Resume for Palestine Action Protests
UK Small Businesses Face Europe’s Steepest Cost Pressures, New Survey Reveals
US Envoy Urges UK to Proceed with King’s Visit Amid Diplomatic Sensitivities
FTSE 100 Drops Over One Percent as Middle East Tensions Weigh on Markets
UK CO2 Plant Set to Reopen as Authorities Move to Safeguard Supplies Amid Middle East Tensions
Trump Urges Stronger Defence Investment as He Questions Allied Naval Capabilities
New COVID Variant Detected in UK Raises Concerns Over Vaccine Effectiveness
FTSE Russell Moves to Standardise Free-Float Rules for UK and International Listings
HBO Max Launches in UK and Ireland, Marking Major Step in Global Streaming Expansion
UK Signals Readiness to Seize Russian ‘Shadow Fleet’ Vessels in Escalation of Sanctions Enforcement
Escalating Middle East Conflict Seen as Major Threat to UK Economic Stability
Early Challenges Mark Prince Harry and Meghan’s Australia Visit
UK Government Rejects Cover-Up Claims After Theft of Former PM Aide’s Phone
Cyprus Opens Strategic Talks with UK Over Sovereign Base Areas
UK Faces Risk of Sharp Inflation Surge Despite Stable Pre-Crisis Figures
UK Police Arrest Two Over Suspected Antisemitic Arson as Iran Link Investigated
UK Inflation Holds at Three Percent Ahead of Oil Price Shock from Iran Conflict
UK Fuel Prices Face Upward Pressure as Global Oil Trends Raise Cost Outlook
Girlguiding UK Sets September Deadline for Membership Policy Change Affecting Trans Participants
Germany and UK Accelerate Wind Power Expansion to Strengthen Energy Security
UK Moves to Ban Cryptocurrency Donations to Political Parties Over Foreign Influence Concerns
UK and Turkey Finalise Major Air Defence Agreement Worth Billions
Apple Introduces Mandatory Age Verification for iPhone Users in the UK
Diverging Views Emerge Over Meghan Markle’s Planned Australia Appearance
Trump Signals Frustration with UK Leadership Amid Diverging Approaches to Iran Conflict
UK Government Takes Control of Hunterston B as Landmark Nuclear Decommissioning Begins
UK Public Inflation Expectations Jump Sharply in March, Raising Pressure on Bank of England
×