Royal Bank of Scotland CEO Ross McEwan has warned staff that Britain's decision to leave the European Union has caused a range of economic uncertainties "in the short, medium and long term", a memo seen by Reuters showed.
The news agency reports that although he said the result was a surprise for many, McEwan said the state-backed bank has planned extensively for both outcomes to ensure it was well placed to support customers and colleagues.
New Zealand-born McEwan also paid tribute to the RBS staffers in all parts of the bank who managed the immediate market fallout that followed the result on Friday, who he said "did us all proud."
He also noted that the result had rippled beyond markets and into "everyday exchanges between colleagues, friends and family" but called on RBS employees to remember how diversity was a major contributor to the bank's success.
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