JPMorgan post-Brexit plan hinges on tone of discourse in Europe
NEW YORK (Reuters) – 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.
U.S. states, Rockefellers clash with U.S. House panel on Exxon climate probes
HOUSTON (Reuters) – With a number of U.S. states proceeding with investigations of Exxon Mobil Corp’s record on climate change, the attorney general of Massachusetts and investment funds of the Rockefeller family on Friday told a Congressional committ…
Top U.S. regulators say financial system functioning in ‘orderly manner’
WASHINGTON (Reuters) – U.S. financial regulators on Friday said the country’s financial system is functioning in an “orderly manner” after Britain voted to leave the European Union and sent markets around the globe reeling.
Frankfurt or bust? Wall St. bankers in London ponder life post Brexit
NEW YORK/LONDON/FRANKFURT (Reuters) – Big Wall Street banks are scouring Europe to find a new home for their traders, bankers and financial licenses now that London is on shaky ground as the region’s preeminent financial hub.
World stocks tumble as Britain votes for EU exit
NEW YORK (Reuters) – Global stock markets lost about $2 trillion in value on Friday after Britain voted to leave the European Union, while sterling suffered a record one-day plunge to a 31-year low and money poured into safe-haven gold and government b…
UK ‘Leave’ vote deflates hopes for U.S.-EU trade deal
WASHINGTON (Reuters) – Britain’s looming exit from the European Union is another huge setback for negotiations on a massive U.S.-EU free trade deal that were already stalled by deeply entrenched differences and growing anti-trade sentiment on both side…
Surprise Brexit vote unleashes scramble for dollars
NEW YORK (Reuters) – Britain’s historic vote to leave the European Union sparked traders on Friday to scramble for dollars in an effort to buy U.S. bonds and to exit dollar-based bets based on U.K. voters favoring to stay in the bloc.
Oil prices plunge 5 percent as Britain votes to leave EU
NEW YORK/LONDON (Reuters) – Oil prices settled 5 percent lower on Friday after Britain’s vote to leave the European Union spurred massive risk aversion and a rally in safe havens like the U.S. dollar that threatened to cut short a three-month-long reco…
Amid ‘Brexit’ selloff, some fund managers are bargain shopping
NEW YORK (Reuters) – Britain’s unexpected decision to leave the European Union spurred a global stock market selloff that has inspired some opportunistic U.S. investors to move in the opposite direction.
Ireland says well-placed to lure firms from London post-Brexit
DUBLIN (Reuters) – The Irish state agency in charge of attracting foreign investment has been in touch with firms considering relocating from London for months and could now reap the benefits post-Brexit, its chief executive said on Friday.
