Earnings30 Aug 2019 16:31
Not the end of the world but "LONDON (Reuters) - Britain's banks face a hit of up 25% to their earnings if Britain crashes out of the European Union without a deal, analysts at Citigroup (N:C) said in a research note.
The economic slowdown that would result from a no-deal Brexit, as well as the likelihood of lower interest rates and borrowers defaulting on loans, would hit earnings per share by between 15 to 25%, the analysts at Citi wrote in the note published on Thursday.