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British banks survive PM's Brexit vote defeat despite share price losses

British banks soldier on through enduring Brexit impasse

Reuters  |  London 

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 and Lloyds Banking Group enjoyed rises of 1.7 per cent and 1.4 per cent respectively, while Barclays and HSBC saw stocks up by 0.7 per cent each by 0909 GMT. Analysts said risks of further deadlock were already priced into bank shares during the long hiatus since the originally planned vote which the prime ...

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First Published: Wed, January 16 2019. 16:00 IST