Banco Popular de Puerto Rico

There are risks of contagion to other countries, but "it will take a significant amount of time to see how all that unfolds," says Federal Reserve Bank of Dallas President Robert Kaplan.

Brexit isn't seen having fallout as severe as the 2008 financial crisis, but you wouldn't know it from the rush to safety in the global market for sovereign debt.

CEO Tidjane Thiam, who joined a year ago, is shrinking the investment bank to free up capital for expanding Credit Suisse's wealth management business, cutting thousands of jobs in the process.

Investors see a nearly 80% chance that rates will be unchanged at the next two meetings of the Federal Open Market Committee, according to prices of options on eurodollar futures contracts.

"Gold and silver have already come a long way, so perhaps it's not surprising to see them pull back a little," one analyst says.

The firm pulled in $148 billion in new client money during the first six months of 2016, surpassing its previous first-half record of $140 billion set last year, a spokesman said.

It's safety first for investors around the world as they assess the significance of Britain's vote to leave the European Union.

Inflation and unemployment haven't reached levels that would justify an increase in interest rates, even without risks from Britain's vote to leave the European Union, Federal Reserve Governor Daniel Tarullo said.

Adviser recruiting was not expected to be affected, according to people with knowledge of the matter.

Stocks have erased the losses triggered by the U.K.’s vote to leave the European Union, and a stronger-than-forecast payrolls report also helped allay investor concerns.