April 5, 2016
Immediately after the recent terrorist attack in Brussels, a number of market signals showed an increase in the probability that British voters could exit the European Union. Leaving the European Union will reduce the free movement of people into Britain, which some hope would reduce the threat of terrorism.
Britain leaving the EU, commonly referred to as Brexit, is very likely to have a negative effect on British corporations and U.K. banks. Additionally, because of how interconnected the world of banking is, large internationally active U.S. banks should also be wary of Brexit…Read More