LONDON: Britain’s major banks have seen a growing number of business customers delay decisions on investments and borrowing in recent weeks, as the probability of a disorderly exit from the European Union inches higher.Britain’s banks have largely played up the resilience of businesses since the June 2016 referendum decision to leave the EU, but senior executives speaking to Reuters say that in recent weeks they have seen a dip in firms’ activity levels.The country’s largest lenders – Royal Bank of Scotland (RBS) , Lloyds, Barclays, HSBC, and the UK arm of Spain’s Santander – are all set to publish half-year results in the coming weeks, with investors watching for any signs of strain.Bankers responsible for tens of billions of pounds in business debt told Reuters that activity among corporate customers had fallen in recent months, as the two candidates to be Britain’s next prime minister have both said they are ready to take the country out of the EU without a withdrawal deal.”The world has changed a bit,” one bank executive who asked not to be named told Reuters. “There is a slowdown across the commercial piece. It started off with people holding off investment, now they’re just not transacting.”An… Read full this story
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