Brexit sends global markets crashing: WHAT YOU NEED TO KNOW

Joe Salas

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It's a Brexit: Britain has chosen to leave the European Union. Here are the headlines:

• Global markets are in chaos.
• The British pound is getting clobbered.
• Treasury yields are jumping.
• Banks stocks are taking a hammering in Europe and the US.
• The Bank of England will provide £250 billion of new capital to prop up markets.
• Gold is rocketing higher.

The vote has broad political implications.

• UK Prime Minister David Cameron has announced he will resign.
• Labour MPs are trying to depose Jeremy Corbyn with a motion of no confidence.
• EU officials say the UK must start the process to leave the bloc as soon as possible.
• Spain wants 'co-sovereignty' in Gibraltar after Brexit.
• Donald Trump cheers Brexit: 'They took their country back, just like we will take America back.'

And here is some reaction to the news:

• Here's Deutsche Bank's best guess at what happens now that the UK has voted.
• Here's the Brexit memo Goldman Sachs CEO Lloyd Blankfein sent to staff.
• Here is Jamie Dimon's Brexit memo to all JPMorgan staff on what happens now.
• Barclays CEO Jes Staley tells staff in a Brexit memo: 'I do not pretend to have all the answers'
• Lloyds CEO memo to staff: Work on contingency plan continuing 'at pace.'
• WPP boss Sir Martin Sorrell on the Brexit: 'This is not good news, to say the least.'
• MORGAN STANLEY: Helicopter money may be the next step for Britain
• This map shows how divided the United Kingdom is right now.