[ad_1]
Fitch Ratings said Wednesday that it could lower the UK's "AA" debt rating because of the growing uncertainty surrounding negotiations between Britain and the European Union over the departure from the country of the economic bloc next month.
"A downgrade (A) would not be in any way beneficial to the UK We think the markets are looking at a rather negative situation right now, so let's see what's going on. Great to have that uncertainty behind us – Barclays is ready to help our small businesses, our businesses and our consumers no matter what happens, "Staley said.
Barclays, along with other European banks, has been under pressure due to the uncertainty surrounding Brexit. The bank recently made the headlines after the announcement in an article in the Financial Times that US hedge fund Tiger Global Management sold its entire stake in Barclays.
The New York-based hedge fund was one of the top 10 investors in Barclays and held a 2.5% stake in the bank. The exit comes at a time when Barclays is under pressure from activist investor Edward Bramson to end up on the board of directors. Bramborne & # 39; s Sherborne Investors holds a 5.5% interest in the bank.
According to Reuters, Bramson has already asked Barclays to reduce the resources allocated to its investment units.
[ad_2]
Source link