STOCKHOLM Shares in Sweden's Handelsbanken , which counts Britain as a home market with over 200 branches in the country, slid 9 percent on Monday over concerns about the impact of Brexit, putting them on track for their biggest one-day drop since 2009.
NEW YORK The $2.08 trillion 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.
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.
NEW YORK JPMorgan Chase & Co is grappling with how much of its business can stay in Britain and a lot will depend on how well European Union and U.K. politicians appear to be getting along.
FRANKFURT Deutsche Bank confirmed on Thursday it had struck a deal with its works council to shut a quarter of its German branches, slightly fewer than expected, as it cuts costs and revamps retail banking.
LONDON Barclays stopped accepting new stop loss orders - an essential part of currency trading - on Thursday as it and other banks took action to limit potential losses and cap their exposure to the outcome of Britain’s EU referendum.
KANAZAWA, Japan Dissenting Bank of Japan board member Takahide Kiuchi said the central bank should review its negative interest rate policy and inflation target timeframe, while warning there wasn't much it could do to help the economy in the event of a severe market shock.
Okta Inc, a U.S. cloud identity management company valued at $1.2 billion in its latest private fundraising round, has hired Goldman Sachs Group to lead an initial public offering or outright sale, people familiar with the matter said.
MILAN Italy's Banco Popolare has raised the 1 billion euros (769.99 million pounds) it needed to complete a planned merger with Banca Popolare di Milano and create the country's third-largest bank.
LONDON The Royal Bank of Scotland has received bids for its Greek ship finance business, banking and financial sources familiar with the matter said, following a leap in bad shipping debts at the lender over the past few months.