British banks soldier on through enduring Brexit impasse [Reuters (UK)]
Lloyds Banking Group Plc American Depositary Shares (LYG)
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Source: Reuters
British banks soldier on through enduring Brexit impasse | Reuters 2 Min Read LONDON (Reuters) - British banks swerved heavy share price losses in early trading on Wednesday, hours after a parliamentary vote on Prime Minister Theresa May’s Brexit deal returned the most blistering defeat for a UK government in almost a century. State-backed Royal Bank of Scotland ( RBS.L ) and Lloyds Banking Group ( LLOY.L ) enjoyed rises of 1.7 percent and 1.4 percent respectively, while Barclays ( BARC.L ) and HSBC ( HSBA.L ) saw stocks up by 0.7 percent each by 0909 GMT. Analysts said risks of further deadlock were already priced into bank shares during the lengthy hiatus since the originally planned vote which the prime minister suspended in December. The modest rises suggest momentum is building behind a ‘Plan B’ compromise, according to some investors including David Roberts, co-manager on the Liontrust Strategic Bond fund. “Global investors now believe the chances of a ‘hard’ economicall
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LYG
Sec Filings
- 4/17/24 - Form 6-K
- 4/16/24 - Form 6-K
- 4/15/24 - Form 6-K
- LYG's page on the SEC website