British banks lose almost 50 billion. BOE makes liquidity injection – Jornal de Negócios – Portugal

There is a real raid in the titles of the European financial sector after the decision of the British leaving the European Union. The banking region sinks, with UK banks to register double-digit losses. An abrupt devaluation that has already withdrawn almost 50 billion market value of the institutions. The Bank of England will inject emergency, 250 billion pounds in the sector.

At a meeting in the Stoxx Banks, which aggregates the largest banks in Europe, is losing 11.88 %, Barclays is sinking 17.04%, Lloyds fell 18.06% and the Royal Bank of Scotland recoils 16.81%. HSBC is losing 3.61% while Standard Chartered slips 5.69%. Strong devaluations to the account of the implications that the “Leave” has for the UK. The Brexit won the referendum.

These hefty falls are making a dent in the value of banks, watching to large losses in value for shareholders. The balance is negative by 40 billion pounds, equivalent to 49.6 billion euros, that considering the current exchange rate: 1.24 euros per pound. The British currency is falling 5% against the euro, falling almost double against the dollar, dropping to minimum 31 years.

There is a collapse in the value of banks. A worrying situation for which Mark Carney, Governor of the Bank of England says be prepared. “We have established contingency plans,” he said, revealing that it was done immediately, and in an extraordinary way, a liquidity injection into the financial system amounting to 250 billion pounds (309 billion).