Wednesday, 6 July 2016

The 9 ways Brexit will affect foreign banks

From Financial Times -

“Banks across Europe and the US have been battered by Brexit. Shares in big global banks outside the UK fell anywhere from 7 to 20 per cent on the day after the UK voted to quit the EU. Though other parts of the market have since recovered, non-UK banks have failed to make back all of their losses.

Brexit will change overseas banks significantly, sometimes for the good. Here are nine ways the vote will affect them.”

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