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Banks slash billions from UK exposure amid Brexit uncertainty

Australian banks cut their exposure to the United Kingdom by $US16.2 billion ($23.4 billion) in the first six months of 2019, underlining the local banking sector's dwindling ties to the British economy amid Brexit uncertainty.

Banks slash billions from UK exposure amid Brexit uncertainty
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  • Shared by The Age
  • November 08, 2019
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Statistics from the Bank for International Settlements (BIS) show that over the March and June quarters of this year, Australian banks' total exposure to the UK dropped from $US79 billion to $US62.8 billion, a fall of one-fifth.

Read more at The Age. 

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