Barclays has warned that the UK's decision to quit the European Union has increased the risk of recession and could seriously damage the global bank's business.
The lender said the likelihood of lower growth, higher unemployment and falling UK house prices 'would likely negatively impact a number of Barclays' portfolios - most notably its mortgage offering.
|Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.|