Banks ‘hurting, but not dead’ after Brexit shock

Last-gasp hedges may have eased the pain of Brexit for some banks

Brexit and the City
Banks live to fight another day after Brexit shock

A flurry of last-minute hedging activity may have softened the blow of the surprise Brexit vote for some banks – allowing for orderly trading in the aftermath.

Strong sentiment that Britain would opt to remain in the European Union in the lead-up to Thursday's referendum – the betting markets were showing a 90% probability of a 'remain' vote, and opinion polls predicted the UK would vote to stay in the EU – created a window for banks to cover their tail risks with relatively cheap out-of-the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here