As investors brace for heavy losses in the Brexit-triggered market selloff. UK banks Barclays (BCS) - Get Report and RBS (RBS) - Get Report trading lower in Monday's session. Shares of Lloyd's were also down 17 percent. Last week's referendum, in which the UK voted to leave the European Union, has also prompted many banking CEOs to try and quell concerns of panicked investors. Barclays CEO Jes Staley has said 'answers are complex but our position is not,' and that Barclays has faced 'equally profound changes in its 325-year history.'
This article was written by a staff member of TheStreet.