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Bank shares take a hard hit following Brexit

In the past five days a number of banks have seen their stock value decline by large amounts.

Publishing date
28 June 2016
Authors
Maria Demertzis

UK banks are the hardest hit, followed by Italian banks which saw their stocks lose over 20% of their value. But other euro area banks also face reductions of over 15% of the stock value.

The pound exchange rate also continued to decline on the 27th vis a vis most currencies.

About the authors

  • Maria Demertzis

    Maria Demertzis is a Senior fellow at Bruegel and part-time Professor of Economic Policy at the Florence School of Transnational Governance at the European University Institute. She was Bruegel’s Deputy Director until December 2022. She has previously worked at the European Commission and the research department of the Dutch Central Bank. She has also held academic positions at the Harvard Kennedy School of Government in the USA and the University of Strathclyde in the UK, from where she holds a PhD in economics. She has published extensively in international academic journals and contributed regular policy inputs to both the European Commission's and the Dutch Central Bank's policy outlets. She contributes regularly to national and international press and has regular column that appears twice a month in various EU newspapers and on Bruegel’s opinion page.

Theme
Global economy and trade Macroeconomic policy and governance
Keyword
monetary policy EU-UK relations
Country
United Kingdom
Language
English

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