A funding crunch is squeezing British banks’ profits and hitting their share prices, as the threat of a disorderly Brexit and the end of cheap cash from the Bank of England begin to bite.

The average cost for British lenders of issuing secured debt has leapt to its highest since just after the 2016 EU referendum, JPMorgan data shows, as investors fret that political turmoil could tip the economy into recession.

Read the full story

2019-01-31T15:27:54+00:00 January 31st, 2019|

This website places cookies on your device. Refer to our Cookie Policy to see how we use cookies. By continuing to use the site, we’ll assume that you are happy for us to set these on your device. Find out more.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close