Blog post
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.
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.
Authors
Maria Demertzis
Leader, ESF, The Conference Board Europe
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