The value of the British pound and stock prices in Asia plummeted as financial markets absorbed the news, and David Cameron said he would resign by October.
Turbulence and Uncertainty for the Market After ‘Brexit’
Britain’s vote to leave the Europe Union kicks off a fraught and unpredictable process likely to spook investors around the world.
Global Shares Drop as Traders Watch ‘Brexit’ Vote
Asian markets inched lower as the results trickled in on Britain’s referendum, and the British currency plummeted.
Costco’s Transition to Visa Cards Riddled With Problems
Citigroup, which is issuing the new Visa cards for Costco, has logged more than 1.5 million customer service calls on them.
Strategies: Buybacks by Companies Like Apple May Signal Danger, Not Growth
When companies buy back their own shares, earnings per share look better, but the buybacks can siphon money away from investments in innovation.
A Russian Oil Company Is for Sale — Again
In a yo-yo privatization pattern, cash-hungry Russia is offering stakes in an oil company it privatized in the 2000s and recently repossessed.
Goldman Sachs Uses Video to Cast Wider Net for Young Bankers
Goldman’s in-person screening was mostly at elite colleges. With video interviews, it hopes to find more applicants with “grit.”
Nation’s Biggest Banks Would All Withstand Recession, Fed Says
In its annual stress tests, the Fed looked at how America’s 33 largest banks would do in a recession with sustained high unemployment and negative interest rates.
Testing the Clean-Energy Logic of a Tesla-SolarCity Merger
Whether Elon Musk’s “vertically integrated energy company” is the right model, some experts see virtue in the theory.
Bank of America to Pay $415 Million to Settle S.E.C. Inquiry
The regulator accused the bank’s Merrill Lynch business of misusing billions of dollars of client money to finance its own trades.
Society to House Papers of Felix Rohatyn, Hero in New York’s Financial Rescue
In the 1970s, Mr. Rohatyn, an investment banker, engineered the rescues first of the New York Stock Exchange and then of the city itself, which was on the verge of financial collapse.
Street Scene: Credit Suisse Tries to Overhaul Its Image, but Problems Remain
The appointment of an executive involved in soured deals sends the wrong message about the values and behavior that a Wall Street bank should be rewarding.
Twilio, a Cloud-Based Business, Soars After Its I.P.O.
Twilio begins trading in a market that has not been receptive to tech I.P.O.s., but its shares rose 67 percent early Thursday.
Bank of America Merrill Lynch Hires Chief of European Mergers
Luca Ferrari will join the bank in London in July after stints at Greenhill & Company, Goldman Sachs and UBS.
Live Coverage: E.U. Referendum: Britain Votes on Whether to Leave or Remain
Britain is voting Thursday on whether to leave or stay in the European Union. Follow along for updates, polling information and analysis.
Cerberus Offers to Buy G.E.’s French Consumer Finance Business
The sale of GE Money Bank in France would be the latest exit in General Electric’s retreat from finance as it focuses on its industrial roots.
‘Brexit’ Vote Already Has a Winner: The Gambling Industry
As Britain goes to the polls to determine whether to leave the European Union, bookmakers are anticipating record-setting gambling on the outcome.
News: Morning Agenda: An Early Winner in the ‘Brexit Vote’
A Risky Bet on the Panama Canal | VW Shareholders Vent
Twilio I.P.O. Raises $150 Million
Twilio’s offering, the largest but only the third of technology stock debuts this year, was a test of the market.
Breakingviews: Facebook Shareholder Vote Produces Odd Results
A vote on the company’s governance was a brainteaser that suggests that institutional investors are more inclined to tick boxes than follow their heads.
Deal Professor: Tesla’s Plan to Buy SolarCity Has Major Flaws
Tesla’s stock fell more than 8 percent on Wednesday, as investors viewed the deal as a bailout of SolarCity, one that could sink both companies.
Sinosphere: Chinese Bank Spanks Workers, and the Internet Gives It a Flogging
The bank hired a performance coach to motivate its employees, but a video of him hitting several with a stick provoked anger instead.
Qatari Investment Group Acquires Parisian Fashion House Balmain
The sale to Mayhoola for Investments, a private investment group linked to Qatar’s royal family, will fund the expansion of the label’s accessories business.
News: Morning Agenda: Elon Musk Wants to Merge SolarCity With Tesla
Hedge Fund Manager Charged With Insider Trading Is Found Dead | Why Law School Is Still a Solid Investment
Former Bangladesh Bank Chief Blames Global System for Theft
In an interview, Atiur Rahman defends his own conduct and says other institutions are responsible for an $81 million digital theft in February.
Energy Transfer Shares Surge During Merger Trial With Williams
Comments made by Sam Glasscock III, the vice chancellor of the Delaware Court of the Chancery, sent hedge funds and investors scrambling to make trades.
David T. Morgenthaler, Who Shaped Venture Capitalism, Dies at 96
Mr. Morgenthaler founded his first venture capital firm in 1968 and pushed legislative agendas that would shape the industry.
Elon Musk Aims to Shore Up SolarCity by Having Tesla Buy It
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