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Goldman Sachs now expects UK recession

UK

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.

Deals and takeovers on hold following Brexit vote

Globe

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.

London lawyers - 'Don't panic'

London

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.

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Lack of new faces casts doubt on Wells Fargo plan

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.