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Friday's global equity loss worst ever

Money On Hook

The $2.08tril wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis and the Black Monday stock market crash of 1987, according to Standard & Poor's Dow Jones Indices.

What will Brexit mean for the City?

London At Night

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?

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.

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C Suisse - No evidence of ex-banker mis-using position

Credit Suisse said an internal investigation has found no evidence that a former banker, Sérgio Firmeza Machado, used his position at the bank to help his father funnel illicit campaign donations to Brazilian politicians as part of a sweeping corruption scandal.

Dog Detective

Ex-Goldman banker banned from industry

A former Goldman Sachs banker who pleaded guilty to receiving documents that had been misappropriated from the Federal Reserve Bank of New York has been banned from the financial industry.