Global stock market sell-off triggered by concerns over health of US banks

Stock markets have gone into sharp retreat globally, including in the UK, over concerns for the health of US banks in the tougher economy.

Wall Street banking stocks bled $80bn of value on Thursday afternoon after trouble at two Californian banks.

First, a major crypto-focused lender called Silvergate announced it was winding down after big losses related to the collapse of the FTX exchange last year

Source : Global stock market sell-off triggered by concerns over health of US banks