Akio Kon
by
Gavin Finch, David de Jong and Richard Partington
Gavin Finch, David de Jong and Richard Partington
Bank stocks plunged worldwide and finance chiefs were stunned by the UK’s vote to leave the European Union as concern mounted that a slump in economic growth, lower asset values and higher restructuring costs will hurt profit.
The Bloomberg Europe Banks and Financial Services Index fell 14 per cent, the most in its history. Barclays posted its biggest drop in more than seven years, while Deutsch…
Read the full article at: http://www.afr.com/markets/bank-stocks-plummet-as-profit-outlook-dims-london-job-losses-seen-20160624-gprobp