British banks to give first financial updates since global banking crisis fears

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Britain’s biggest banks are preparing to give the first peek into their balance sheets since the collapse of Silicon Valley Bank and Credit Suisse sent shockwaves across the banking industry. It was followed by the collapse Credit Suisse, Switzerland’s second biggest bank and deemed “too big to fail”, prompting fears of a global banking crisis. What we have learned from recent events is that, despite significant regulatory tightening since the global financial crisis, some banks remain vulnerable to collapse if confidence in the strength of their balance sheets comes into question Gary Greenwood, research analyst at Shore Capital Markets Gary Greenwood, an equity research analyst for Shore Capital Markets, said he thinks claims of a new global banking crisis were “overdone”, as the failed banks had “specific issues that led to to their demise”. He added: “Even so, what we have learned from recent events is that, despite significant regulatory tightening since the global financial crisis, some banks remain vulnerable to collapse if confidence in the strength of their balance sheets comes into question.” Barclays is expected to reveal a profit before tax of £2.2 billion for the first quarter, unveiled on Thursday, which is broadly in line with the same period last year.