Banking collapses trigger confidence slump in UK economy among retail investors

Shojin study of 900 retail investors

The banking turmoil that unfolded in March after the collapse of Silicon Valley Bank has damaged the confidence of retail investors in the wider UK economy, according to a survey by investment platform Shojin.

The study of over 900 retail investors found that nearly half of respondents (49%) have less confidence in the banking sector following the high-profile collapses of SVB and Credit Suisse earlier this year.  Even more (55%) are concerned the weakness in the banking sector will spread to the wider economy, while 45% said the banking turmoil will impact central banks' ability to tackle inflation.  OECD: UK faces higher inflation than most G20 countries As a result of the recent banking turmoil and market volatility, 44% of investors surveyed said their confidence in traditional inves...