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...
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