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US banks gird for Brexit-style tumult following Tuesday's election

Traders expect stocks to swing by 2% in either direction on Wednesday based on price of S&P 500 index options
Wednesday, November 9, 2016 - 05:50

New York

US banks - including Morgan Stanley, JPMorgan Chase & Co and Goldman Sachs Group Inc - are bracing for potential tumult on financial markets in the wake of Tuesday's US election.

Bank preparations ahead of the election reflect their experience following Britain's shock

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