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UK banks strong enough to weather no-deal Brexit, says Moody's

Britain’s banks would be resilient to a chaotic Brexit, even if this leads to a spike in bad loans that hits their profits, credit rating agency Moody’s said.

Shared by Reuters
November 30, -0001

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Lenders’ efforts to boost their capital buffers since the financial crisis has put them in a good position to weather any disruption caused by a no-deal Brexit, Moody’s said in a report on Wednesday.

Read more at Reuters.

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