Throughout 2022 UK banks, like NatWest, Lloyds, Barclays, and HSBC enjoyed rallies as the Bank of England was in the early stages of its interest rate hiking cycle.
European stock markets closed largely flat amid low volatility. The major indices were in positive territory for much of the session but dipped just before the session ended.
HSBC’s share price took a knock in April when the bank announced it put its share buyback scheme on hold due to a dip in its liquidity position.
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