Investment Banking

Billions wiped off UK bank stocks amid Brexit deal turmoil

More than £5bn disappears from collective share prices of Barclays, Lloyds and RBS

Billions wiped off UK bank stocks amid Brexit deal turmoil
Photo: Alamy / Getyy Images

The UK's leading banking institutions saw more than £5bn wiped off their collective share prices on the morning of November 15, as the sector suffered in the wake of Brexit-related government resignations.

Shares in Barclays, Lloyds Banking Group and Royal Bank of Scotland were down around 4.6%, 5.7% and 9.1%, respectively, in afternoon trading as UK investors digested the news of more high-profile departures from Theresa May's cabinet and a vote of no confidence in the prime minister.

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