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Even after becoming a household name during the Brexit campaign and its aftermath, Banks has largely kept away from the limelight, maintaining his businesses in Britain and South Africa while also ...
Arron Banks, a British businessman who bankrolled one of the main campaigns for Brexit, hit back on Sunday after a report said his links with Russia went further and deeper than he had previously ...
Among the major banks, which are bearing the brunt of Brexit vote this morning are Royal Bank of Scotland Group PLC (NYSE: RBS ), Barclays PLC (ADR) (NYSE: BCS ), JPMorgan Chase & Co. (NYSE: JPM ...
A few days ago the Bank of England released a report on the possible macroeconomic impact of Brexit. The most pessimistic scenarios were eye-poppingly bad, showing a worse slump than the one that ...
Deutsche Bank is relocating 100 bankers from London to offices in the EU and Asia as Germany’s largest lender accelerates a restructuring of its corporate bank following Brexit.
A Brexit vote on June 23rd favoring the UK leaving the EU is only one such possible event. It wouldn't mean that banks would fail the next day, several weeks to months later would be more likely.
If banks move euro clearing out of London, or the European Union forces them to relocate that activity following Brexit, the loss of scale would cause the ecosystem to become less efficient.
Brexit fears have pushed major UK banks to multi-year lows. BCS is trading at only 0.38 times their book value. HSBC and BCS are both trading at just 9 times earnings. "The time to buy is when ...
A no-deal Brexit would send the pound plunging and trigger a worse recession than the financial crisis, the Bank of England has warned. What will happen to the UK economy after Brexit?
The actual dislocation from the Brexit will be felt throughout 2016 and 2017. Theresa May, new British PM, announced that negotiations on Brexit will not even start in 2016.
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