First signs Brexit will hit jobs.
Online protest-petitions aside, the people have spoken and the UK is now facing an exit from the European Union. What might this mean for the City, and Britain’s businesses more broadly?
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.
BlackRock reported quarterly earnings that beat analysts' expectations on Tuesday, though revenue missed estimates.
Mark Schwartz, Goldman Sachs’s Asia-Pacific chairman, will step down at year-end and be an adviser to the firm.
Swiss private bank UBS is spending around 1bn Swiss francs (£831m) on an overhaul of its IT system.