For banks, one Brexit silver lining has kept on shining, at least for a while. The U.K. vote to leave the European Union on June 23 hit international financial institutions in a number of ways. But there was one positive impact: Sudden volatility after... And the sharp decline in interest rates since then will make it less profitable for banks to lend money. Many may have to find new headquarters for their European operations.
Source: Wall Street Journal August 07, 2016 16:35 UTC