That didn’t take long.
Point72 Asset Management, the firm that oversees billionaire Steven A. Cohen’s wealth, reassured employees that its planned expansion to London remained on track, despite Britain’s decision to leave the European Union.
Britain is likely to enter a recession within the year as a result of last week's vote to leave the European Union, a decision that will stunt global economic growth as well, Goldman Sachs' top economists said on Sunday.
'The outcomes could range from a very small change to a substantial one'.
Bankers and lawyers advising companies on takeovers and initial public offerings from London to New York fretted over their deals on Friday, after a British vote to leave the European Union poleaxed company valuations and executive confidence.
As the reality of Britain’s exit from the European Union set in Friday, London’s top lawyers worked to reassure anxious clients that everything was going to be fine, even if they couldn’t offer firm predictions about what happens next.
Global markets are “overreacting” to the British vote to exit the European Union, UBS’s China head Eugene Qian said, as he called on clients to stay focused on their long-term investment strategies.
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.
Wells Fargo's decision not to introduce new names onto its board or into the ranks of its senior management in the wake of a sales scandal has raised questions about whether it can truly fix the culture which caused its problems.
Rising stress in the City is driving more than two out of three investment bank staff to consider quitting their job – but employees believe talking about stress or mental health issues to management will damage their careers, new research from MetLife shows.
'Shark Tank' judge and CEO Robert Herjavec shares a mental trick to gauge your career path.