Barclays, HSBC Have Outlook Cut by Moody’s After Brexit Vote

  • Insurers Legal & General, Standard Life also have outlook cut
  • Ratings firm cites ‘heightened uncertainty’ in U.K. after vote

Moody’s Investors Service lowered the outlook on 12 U.K. lenders, including Barclays Plc and HSBC Holdings Plc, after predicting last week’s vote to exit the European Union will reduce their profitability.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.