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Why UK banks are taking the brunt of the Brexit crash

The risks are huge following the UK's decision to leave the EU - but this isn't 2008

HSBC HQ in London at Canary Wharf
HSBC HQ in London at Canary Wharf Photo: iStockPhoto

European bank shares are getting crushed – the sum of all investors' fears focused on the most exposed stocks.

In early trading, shares in Barclays, Lloyds Banking Group and Royal Bank of Scotland all dropped by about 30%.

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