Investment Banking

Morgan Stanley: Brexit 'seismic not systemic' for UK banks

Barclays, RBS and Lloyds were among the hardest hit in the Brexit sell-off – but efforts taken to shore up their businesses leave them 'well insulated'

Morgan Stanley: Brexit 'seismic not systemic' for UK banks

Analysts at Morgan Stanley believe that efforts taken by UK banks to crisis-proof their businesses leave them "well insulated" against the effects of the country’s split from Europe.

In a June 29 report entitled Seismic but not systemic - what next for European banks, a team of researchers led by Huw Van Steenis reviewed their forecasts for the banking sector in the wake of the June 23 vote.

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