Brexit

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Then there is the kind of business that takes place. It is cliché that markets hate uncertainty, but that is what the UK has effectively signed up for for the next two years. Dealmaking will likely drop. Takeovers and initial public offerings will be put on pause.

Brexit is going to fundamentally change banking - Business Insider

Look at that cluster of mid-tier banks, and you'll notice something. They're pretty much all European banks. Barclays, Credit Suisse, Societe Generale, BNP Paribas, Deutsche Bank, and HSBC all find themselves in a tough spot. "For this group of banks we estimate cost bases are probably at least 20-40% too high unless there is a sizeable improvement in the revenue environment," the note said. What is clear post-Brexit is that the revenue environment isn't going to improve. That means that these banks will likely have to cut more staff, shed more costs, and give up on more businesses. It will accelerate the movement of market share away from European banks toward US banks.

Brexit is going to fundamentally change banking - Business Insider

The surprise decision by British voters to leave the European Union is about to spawn warnings about the risks from companies that generate revenue or have operations in the U.K or Europe.

Brexit uncertainty is starting to drive companies to disclose possible impact - MarketWatch

The real lunacy of the United Kingdom’s vote to leave the European Union was not that British leaders dared to ask their populace to weigh the benefits of membership against the immigration pressures it presents. Rather, it was the absurdly low bar for exit, requiring only a simple majority. Given voter turnout of 70%, this meant that the “Leave” campaign won with only 36% of eligible voters backing it. This isn’t democracy; it is Russian roulette for republics. A decision of enormous consequence — far greater even than amending a country’s constitution (of course, the United Kingdom lacks a written one) — has been made without any appropriate checks and balances.

The Brexit vote wasn’t democratic at all - MarketWatch