File - People walk beneath a Citibank branch logo in the financial district of San Francisco, California July 17, 2009. REUTERS/Robert Galbraith
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American banks lined up Monday to issue warnings about the aftershocks of Brexit.Also chipping in, JPMorgan Chase Chief Executive Officer Jamie Dimon told CNBC that the breakup of the whole EU was a possible long-term risk following Brexit. Meanwhile, Japan's 28 trillion yen ($275 billion) new stimulus plan included 1.3 trillion yen to mitigate Brexit risks among small- and medium-sized businesses.The pension plans of companies in the FTSE 350 Index were dealt a blow by the Brexit decision, according to Citigroup. Rebuilding the broken bits of Britain's economy will be key to how well it prospers outside the European Union.Acquisitions of and by companies in the health care and drug industries in the U.K. have risen 22 percent this year, as total mergers and acquisitions fell 42 percent in Britain and dropped 17 percent worldwide, according to data compiled by Bloomberg.
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