Home / Latest Stories / Global banks hammered by U.K. vote

Global banks hammered by U.K. vote

U.K. referendum in 90 seconds

U.K. voters’ decision to leave the European Union is throwing extreme uncertainty over the global banking industry.

Shares of the U.K.’s biggest bank, HSBC (HSBC), plummeted 11%. Standard Chartered (SCBFF), a British bank that focuses on Asia, lost nearly 12%.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Check Also

Murdochs consider removing Ailes

Staffers at Fox News have been on pins and needles for the past day awaiting …

Leave a Reply

Your email address will not be published. Required fields are marked *