Banks muzzled on Brexit by fear of lawsuits

muzzled
By Jon Hay
19 May 2016

Banks are refusing to comment publicly on the UK’s referendum on leaving the EU, for fear of being sued and angering people on the other side of the debate — despite the potentially grave consequences of the vote.

GlobalCapital spoke to 12 top investment banks and found all of them had a policy on the issue, which restricted them to some extent from giving views to the media — even though some have in the past been vocal in opposing Brexit.

But there is considerable variety. ...

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