The City of London is facing as many as 100,000 job losses amid fears the UK’s dramatic vote to quit the EU will force banks to shift business out of London to other European financial centres.
HSBC would move up to 1,000 staff from London to Paris if the UK left the single market, following Britain's vote to leave the EU, the BBC understands.
This is what is different from 2008, former Lehman CFO Erin Callan Montella says.
It's a crazy day to be a trader! NYSE floor trader Kenny Polcari asks, "How could I have so misjudged the mood and the market psyche?"
Bullish positions in gold and volatility and short bets on China and emerging markets were some of the trades that benefited hedge funds on Friday.
The European Central Bank has fanned fears that London could lose its status as Europe’s financial capital after warning that the Brexit vote might sever the City’s trade relationship with the EU.
Goldman Sachs was one of the big backers of the failed campaign to stay in the EU but some of its bankers might just be relieved the UK voted for Brexit next week.
The London Stock Exchange and Deutsche Börse have insisted their proposed £21bn merger will still go ahead, despite a German politician declaring the tie-up “dead” after the UK voted to leave the European Union.
The U.S. stock market's reaction to the Brexit vote makes no sense, Howard Lutnick says. Here's why he thinks it's the place to be.
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.
UBS has hired Darren Novak, a managing director at Houlihan Lokey, in its New York office to advise companies on how to defend themselves against activist investors, a spokeswoman for UBS said on Wednesday.