"Unofficial" Bank Research Points To Lighter Brexit Risks

UK stocks measured by the FTSE 100 down 0.64% in later afternoon trading on new polling showing a slight uptick in Brexit risks. This comes as a relatively "independent" bank research report paints a logical scenario that puts real risks for UK banks in perspective.

A Brexit vote for Great Britain to leave the European Union would be problematic but not disastrous for the five major banks domiciled on the island nation, a report from Barclays said. In a rare break from conformist big bank orthodoxy, the "unofficial" report from three bank credit analysts said in the short term one of the major issues could be passport losses, with some operational complexity but challenges appearing “no more insurmountable than...