The CEO of Royal Bank of Scotland (RBS) Ross McEwan has warned the group’s staff that UK’s decision to exit the European Union could create economic uncertainties.
The state-backed lender, which employs around 63,000 staff in the UK, has however, assured its employees that the bank was well placed to manage the Brexit fallout.
"We had planned extensively for both possible outcomes to ensure we were well-placed to support our customers and colleagues. The result of the vote carries with it a range of unknowns about the short, medium and long-term prospects for the UK and its economy," McEwan said in a memo to staff.
"As someone born outside the UK, I see one of this country’s biggest strengths as its openness to the rest of the world, and the people of it. As a major employer and backer of the economy, we have a duty to ensure that we reflect that," McEwan added.
The share price of the lender slumped to its lowest level since the financial crisis, following the Brexit vote. Trading in RBS was also briefly halted after facing sharp losses in the stock price.