Shares of Barclays and other European banks fell double digits Friday after the United Kingdom stunned global markets by voting to leave the European Union.
U.K. citizens approved leaving with 51.9 percent of the vote. Markets meanwhile, had priced in a win for the remain camp.
Barclays fell nearly 30 percent in early trading Friday. It recovered losses later and ended the day down more than 17 percent. The stock is down more than 29 percent year to date and nearly 44 percent year over year.
"The answers are complex but our position is not: we will not break our stride in delivering the Barclays of the future," Jes Staley, Barclays CEO said in a statement, adding that the bank has serviced clients in London for more than 325 years. "That does not change today."
"The strategy we announced on 1 March, 2016 was not conditional on the UK remaining in the EU. We are a transatlantic consumer, corporate and investment bank, anchored in the UK and the US," Staley said.