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
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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 vote to leave the European Union in June, when the S&P 500 fell 3.6 per cent the day after the poll.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
