State-backed bank bosses look to reassure staff post-Brexit

The CEOs of two of Britain’s state-backed banks have moved to reassure their staff following Britain’s decision to leave the EU.

The Chief Executive's of Lloyds Banking Group and the Royal Bank of Scotland (RBS) moved to reassure thousands of workers that their state-backed companies would weather the turmoil sparked by the Brexit, Reuters reports.

In separate memos sent to staff, Lloyds CEO Antonio Horta Osorio and RBS CEO Ross McEwan thanked staff for executing contingency plans effectively in the wake of Friday's historic result.

"We had robust plans in place for either outcome, and I have been immensely proud of everyone who ensured that they were delivered smoothly," Osorio said.