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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.

Banks hit hardest in revenue-raising budget

Oliver Twist

Banks bore the brunt of George Osborne’s revenue-raising initiatives in a budget that was otherwise welcomed by business leaders for bolstering the oil and gas industry and pushing on with cutting corporation tax to one of the lowest levels in the G20.

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Trading Desk

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

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.

Oliver Twist

Banks hit hardest in revenue-raising budget

Banks bore the brunt of George Osborne’s revenue-raising initiatives in a budget that was otherwise welcomed by business leaders for bolstering the oil and gas industry and pushing on with cutting corporation tax to one of the lowest levels in the G20.