Sep 25, 9:02 PM EDT

A new survey shows that optimism in the financial services sector fell for the third consecutive quarter _ the longest period of plummeting sentiment since the 2009, the bottom of the financial crisis


Photo Gallery
Animal census at the London Zoo
Latest News from Britain
A new survey shows that optimism in the financial services sector fell for the third consecutive quarter _ the longest period of plummeting sentiment since the 2009, the bottom of the financial crisis

British Labour Party leader Jeremy Corbyn says he doesn't plan to purge his ranks of critical lawmakers despite their failed campaign to oust him

A former senior British government official says Prime Minister Theresa May undermined her predecessor, David Cameron, in the run-up to Britain's June 23 referendum to leave the European Union

British aircraft stationed at a U.K. air base in Cyprus are pounding Islamic State targets ahead of a major offensive by Iraqi security forces to recapture Mosul

The president of the European Parliament says Britain's government was unprepared for the country's vote to leave the European Union, and doesn't know when it wants to start divorce talks

The brother of former US presidential candidate Bernie Sanders says he's running for the seat in Parliament vacated by former Prime Minister David Cameron

Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
A new survey shows that optimism in the financial services sector fell for the third consecutive quarter _ the longest period of plummeting sentiment since the 2009, the bottom of the financial crisis

Economic growth across the 19-country eurozone has fallen to a 20-month low as the German economy faltered, a closely watched survey showed Friday

Turkey's central bank cut a key interest rate for the seventh month in a row on Thursday as it tries to shore up an economy that has been shaken this year by a series of bombings and an attempted coup

Egypt has lifted a ban on even trace amounts of fungus in its wheat imports, after sellers enraged by Cairo's demands boycotted tenders, threatening the supply of the world's largest importer of the grain

Bank of Japan sets higher inflation goal to revive economy

Life has become exceedingly hard in Suriname, where the economy has been in freefall amid the collapse of global commodity prices and the slide of the local currency relative to the U.S. dollar

WHY IT MATTERS: Wall Street matters whether you invest or not _ just look at the crisis of 2008

An Egyptian Cabinet minister says the government is negotiating a $4 billion loan with China

Five years after the Occupy Wall Street began and then seemingly fizzled, demonstrators are gathering once again in New York City's Zuccotti Park to mark the movement and what they say has been its lasting impact

About a dozen people have gathered in Zuccotti Park, the one-time encampment of the Occupy Wall Street grassroots movement known for its refrain "We are the 99 percent."

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

LONDON (AP) -- A new survey shows that optimism in the financial services sector has fallen for a third consecutive quarter - the longest drop since the global financial crisis in 2009.

The CBI/PwC Financial Services Survey of 115 firms shows finance houses, building societies and investment firms reported the sharpest drops in optimism as uncertainty after the vote to leave the European Union took hold.

The results are important because so much of Britain's economy hinges on financial services - some 2 million people across the U.K. are directly or indirectly employed by the financial services sector.

Andrew Kail, U.K. financial services leader at consultancy PwC, says the worry is about "the domino effect on people, productivity and position as a financial hub that must be guarded against."

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.