Banks, brokers gird for Brexit-style tumult following US election

NEW YORK (Nov 8): 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 US election.

As the outcome of the most bitterly fought US presidential elections starts to roll out by Wednesday in Asia, the regional markets will the first to trade on the results.

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.

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