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Good morning from the Financial Times.
Today is Friday, October 17th, and this is your FT News briefing.
Investors got the jitters over U.S. regional banks,
and the United Kingdom's lackluster GDP is putting more pressure on the government.
Plus, people are going nuts for matcha.
and it's putting a big strain on Japan.
Tea ceremony grandmasters can't afford to buy matcha and instead people in Los Angeles or London are mixing matcha with sugar and milk not appreciating the fine art that is matcha.
I'm Mark Filippino and here's the news you need to start your day.
US regional bank shares took a tumble yesterday.
Two lenders, Western Alliance Bank and Zions Bank,
said they were exposed to alleged fraud by borrowers.
There were already wider concerns about the health of bank loan portfolios,