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Brexit will be 'Europe's Lehman moment'

The Titanic

The consequences of a British vote to leave the European Union (EU) would parallel the collapse of U.S. investment bank Lehman Brothers, an event that triggered the global financial crisis, warned Alexander Stubb, Finland's former Prime Minister.

Banks on high alert as City sets up war rooms and fills cash machines

Trading Desk

Major banks are preparing for two days of unprecedented uncertainty by stuffing cash machines full of money, placing senior bankers on high alert in emergency war rooms around the City and switching off computer-driven “black box” trading systems to avoid incurring huge losses in violent swings in shares, bonds and currency markets.

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