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Bank Stocks Sink on Fear of Hard Brexit and Corbyn ‘Armageddon’

  • RBS, Lloyds fall most since 2016; Barclays hits two-year low
  • Prospect of Labour government rises as May’s ministers quit
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Rodgin Cohen Sees U.S. Banks Prepared for 'Almost' Any Brexit Eventuality
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British bank shares tumbled on the sudden emergence of a nightmare Brexit scenario.

Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc, Britain’s biggest mortgage lender, fell the most in two years. Barclays Plc, one of Europe’s biggest investment banks, slid to its lowest since September 2016.