Search AP News:
Sep 25, 9:02 PM EDT

UK financial sector confidence falls further amid Brexit


Photo Gallery
Animal census at the London Zoo
Latest News from Britain
UK financial sector confidence falls further amid Brexit

UK Labour leader Corbyn says he plans no purge of critics

UK leader May accused of duplicity in run-up to Brexit vote

UK: British warplanes bomb IS to support Iraqi push on Mosul

EU's Schulz: UK government was unprepared for Brexit vote

Bernie Sanders' brother running for UK parliament seat

Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
UK financial sector confidence falls further amid Brexit

Eurozone growth at 20-month low as Germany slows

Turkish central bank cuts rate to boost slowing economy

Egypt eases fungus ban on wheat imports after seller outrage

Bank of Japan sets higher inflation goal to revive economy

Suriname slides into economic abyss, in shadow of Venezuela

WHY IT MATTERS: Wall Street regulation

Egypt says it's in talks with China over $4B loan

Measuring Occupy Wall Street's impact, 5 years later

The Latest: About a dozen gather in Zuccotti Park

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

LONDON (AP) -- A new survey shows that optimism in the financial services sector has fallen for a third consecutive quarter - the longest drop since the global financial crisis in 2009.

The CBI/PwC Financial Services Survey of 115 firms shows finance houses, building societies and investment firms reported the sharpest drops in optimism as uncertainty after the vote to leave the European Union took hold.

The results are important because so much of Britain's economy hinges on financial services - some 2 million people across the U.K. are directly or indirectly employed by the financial services sector.

Andrew Kail, U.K. financial services leader at consultancy PwC, says the worry is about "the domino effect on people, productivity and position as a financial hub that must be guarded against."

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.