Economics

Financial services worst hit

Following first US rate hike since 2006

Widely expected by industry

Largely unchanged over year

300 firms at risk

Joining board of directors

While US interest rates seemingly remain unchanged, the tightening of the shadow funds rate equates to six conventional policy rate increases since the start of 2015, says Hinesh Patel, co-manager on the Old Mutual Global Bond fund

Many companies at risk of dividend cuts

London headquarters could be under question

Provided $710bn during 2008 crisis