RE: Jeremy Hunt summons UK banks to discuss poor valuations19 Jan 2024 09:45
I Did Say
Bosses of the UK’s listed banks are to attend a summit to find ways to boost their stock market value, according to a report today.
Franck Petitgas, Rishi Sunak's chief business adviser, has called the meeting amid rising government concerns that the languishing share prices of Britain’s major banks are a bar to their willingness and ability to lend.
Chiefs of Barclays, HSBC, Lloyds Banking, NatWest group and Santander UK will meet with Chancellor Jeremy Hunt next Tuesday to discuss the issue, Sky News reported.