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.
Contagion from the U.K. financial sector poses a risk to the U.S. following Britain’s decision to quit the EU, Goldman Sachs said on Wednesday.
Lloyds Banking Group is planning to cut around 640 jobs in a bid to scale back its branch network.
China and the US are the leaders of the banking world, with banks from these two countries dominating a list of the top 10 banks worldwide published Wednesday.
The jury on the most recent Libor case to go to court in the UK has arrived at a verdict for three of the men charged, but is still deliberating on the other two defendants.
Moody’s has downgraded its outlook for eight UK banks and building societies after last week’s Brexit vote.
One of the City's top lobbyists is in talks with the SNP on making Edinburgh a financial services powerhouse after Scottish first minister Nicola Sturgeon pledged to secure access to the European single market.
London's position as one of the world's premiere financial centres is bound to change in the wake of a vote to leave the European Union.
French prosecutors are recommending that UBS and its French unit face a criminal trial over allegations it helped clients evade taxes following a probe that caused the bank to post a $1.2bn bail to cover a potential penalty, according to a person familiar with the matter.
Global markets erased another $69.2bn from the combined net worth of the world’s 400 richest people Monday, bringing the total since the U.K. shocked investors with a vote to leave the European Union to $196.2bn in the last two trading days.
Worldwide announced Mid-Market M&A deals valued up to $500 million (including undisclosed value deals) totaled US$649.8 billion for the first nine months of 2016, a 3.5% decrease year-on-year.
Worldwide announced Small-Cap M&A deals valued up to $50 million (including undisclosed value deals) totaled US$111.6 billion in the first nine months of 2016 – a 1.1% decrease year-on-year.
One of the world’s fastest-growing trading shops doesn’t have any traders.