Trading in both RBS and Barclays shares were suspended following major slumps on the London Stock Exchange.

On Monday, Barclays’ share price was down 11.5% and RBS’ shares were down 14.2%, triggering automatic circuit breakers, usually triggered if a share price falls by more than 8%.

Lloyds Banking Group share prices also fell by more than 20% on the same day.

While RBS, still 73% owned by the taxpayer, trading has resumed, its market cap is now £25bn ($33bn). To put this into context, this value was £35bn on Thursday. RBS shares have lost more value in this brief span of time than the UK contributed to the EU in the entirety of 2015 (£8.5bn).

In a recent poll from RBI, 80% of respondents believed that Brexit would affect the financial sector ‘badly’. Not a single respondent considered it to be a good thing.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.