Asset Management

S&P issues disorderly Brexit warning to UK banks

Bank downgrades or outlook revisions could be triggered if the UK’s exit from Europe is chaotic, rating agency says

S&P issues disorderly Brexit warning to UK banks
Photo: iStockPhoto

S&P Global Ratings could reassess its guidance on UK banks if the country is forced into a disorderly exit from the European Union.

The warning comes less a week before prime minister Theresa May takes her divisive Brexit deal to a parliamentary vote.

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