UK banking shares underperform as Scottish referendum, Article 50 trigger weigh

LONDON Shares of Royal Bank of Scotland (RBS.L) and Lloyds (LLOY.L) were the worst performers on the UK bluechip index in afternoon trading, with the former hitting its lowest levels in a month.

Analysts said that the prospect of a new Scottish independence referendum could be weighing on shares of Scotland’s two biggest banks, RBS and Lloyds, which fell more than 3 percent and 2.2 percent respectively.

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