Royal Bank of Scotland Chief Executive Officer Ross McEwan has warned staff that Britain's decision to leave the European Union has caused a range of economic uncertainties "in the short, medium and long term", a memo seen by Reuters showed. Although he said the result was a surprise for many, McEwan said the state-backed bank has planned extensively for both outcomes to ensure it was well placed to support customers and colleagues. New Zealand-born McEwan also paid tribute to the RBS staffers in all parts of the lender who managed the immediate market fallout that followed the result on Friday, who he said "did us all proud." He also noted that the result had rippled beyond markets and into "everyday exchanges between colleagues, friends and family" but called on RBS employees to remember how diversity was a major contributor to the bank's success.
By Julie Gordon VANCOUVER (Reuters) - China CITIC Bank Corp Ltd has launched a Canadian lawsuit to try to seize the assets of a Chinese citizen the bank claims took out a multi-million dollar loan in China then fled to Canada, the lender's Vancouver-based lawyer said on Monday. The bank is looking to seize numerous Vancouver-area homes, valued at some C$7.3 million ($5.58 million), along with other assets, according to the lawsuit, which was filed in the Supreme Court of British Columbia in Vancouver on Friday. The defendant, Shibiao Yan, owns three multi-million dollar properties in a Vancouver suburb and lives in a C$3 million Vancouver home owned by his wife, according to court documents.
By Marc Jones LONDON (Reuters) - World stocks rose for the first time in three days and sterling and the euro climbed on Tuesday, as investors made a rush for Brexit-bashed assets hammered by some of the biggest falls since the 2008 collapse of Lehman Brothers. Bargain hunting trumped still widespread uncertainty over Britain's vote to leave the European Union, as the bloc's leaders, including soon-to-be-ex UK Prime Minister David Cameron, headed for their first post-vote meeting in Brussels.
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