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The Independent UK

Business

Anna Wise

UK stock markets tumble and banks impacted amid concerns over US credit

United Kingdom United States Barclays Lloyds Banking Group NatWest Group

Britain's major banks are navigating the "eye of the storm" as they prepare to unveil their latest financial results, facing dual pressures from mounting credit stress in the US and the looming £11 billion car finance compensation scheme.

Investors are poised to scrutinise Barclays' third-quarter earnings on Wednesday, followed by Lloyds Banking Group on Thursday and NatWest Group on Friday.

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