(The following statement was released by the rating agency)
NEW YORK, June 28 (Fitch) The UK's decision to leave the
European Union will be
disruptive for US global banks with significant operations in
the UK and will
weigh on their profitability in the short to medium term, Fitch
Ratings says.
However, the impact is likely to be moderate as we believe they
will be able to
operate through other EU legal entities.
US global banks are likely to start strategically implementing
parts of their
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