Citigroup: Brexit could harm Irish bank recovery

13th August, 2017

The US banking giant Citigroup has warned that shockwaves from Brexit will slow down the recovery of Ireland’s banks, as the SME sector deals with the fallout.

In a note for clients on Irish banks seen by The Sunday Business Post, the US bank warns that Britain’s “referendum result is likely to put asset quality at risk, particularly in the SME sector”.

It continued: “We expect asset quality to...

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