Post-Brexit vote, large US banks have curbed UK exposures

Systemic US lenders have cut ties with the UK since the 2016 Brexit vote, analysis by Federal Reserve economists shows.

Loans and derivatives claims of the eight US global systemically important banks (G-Sibs) on UK private sector entities dropped by 37%, to $295 billion from $466 billion, between Q1 2016 and Q1 2019.

Goldman Sachs has reduced its exposures the most over this period, by $40 billion (44%), followed by Morgan Stanley, which cut $39 billion (49%).

!function(e,i,n,s){var t=

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: