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Banks, brokers gird for Brexit-style tumult following Tuesday’s election

November 8, 2016 by · Leave a Comment 

Big global banks, including Morgan Stanley, JPMorgan Chase & Co and Goldman Sachs Group Inc are bracing for potential tumult on financial markets after Tuesday's U.S. election. As a result, Asia-focused banks HSBC and Japan's Nomura Holdings Ltd are among institutions boosting staff levels, while others are raising the margin requirements for trading to cope with a possible spike in volume or volatility. Bank preparations ahead of the …

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Banks, brokers gird for Brexit-style tumult following Tuesday’s election