Brexit: Is this like the 2008 financial crisis?

Brexit leads to global market panic

The unimaginable has happened. The U.K. has voted to leave the European Union…and investors around the world are in full-fledged panic mode. Could this be the beginning of the end for the EU? And even the start of another financial crisis like 2008?

Stocks are plunging in Britain, Europe, Asia and on Wall Street. Big banks like JPMorgan Chase (JPM) and Goldman Sachs (GS) in the U.S. as well as Royal Bank of Scotland (RBS), Barclays (BCS), Credit Suisse (CS) and Deutsche Bank (DB) were all crushed.

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