BofA cautions of effect if Brexit uncertainty continues
(Reuters) – Bank of America Corp (N:-RRB- said its company, results and functional model might be negatively impacted if financial volatility stemming from Britain’s vote to leave the European Union continues. The Brexit vote has presented “intricacies and variables” in computing reasonable values of certain businesses, the bank stated in a regulative filing on Monday. BofA, whose UK exposure is focused in international corporations and sovereign clients, stated net direct exposure to the UK amounted to $56.31 billion since June 30.
Disclaimer: Blend Media would like to remind you that the information contained in this website is not always real-time nor precise. All CFDs (stocks, indexes, futures) and Forex rates are not offered by exchanges however rather by market makers, and so prices might not be precise and may vary from the real market price, implying rates are indicative and not suitable for trading purposes. Therefore Fusion Media does n`t bear any duty for any trading losses you may sustain as an outcome of using this information. Combination Media or anyone involved with Combination Media will decline any liability for loss or damage as an outcome of reliance on the info including data, quotes, charts and buy/sell signals included within this website. Please be fully informed concerning the threats and costs related to trading the financial markets, it is among the riskiest investment kinds possible.