Sunday 22 May 2016

UK finance firms face anxious year

China, Brexit fears and volatile markets mean only 3% of companies are more optimistic about economy than last year

More than four in 10 major financial services firms say their confidence has been knocked by the slowing global economy, Brexit fears and a slump in oil prices.

In recent months 42% of major banks and insurers said their “confidence had diminished” because of this cocktail of ongoing uncertainties, according to a survey by Lloyds Bank.

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