Corporate America and Joseph Quinlan

U.S.: Given the prominence of the U.K. in driving U.S. global profits, any talk or action that leads to the severing of U.K.-EU ties carries significant risks to the bottom line of corporate America, he said in a report out late Tuesday, according to Market Watch. A Brexit would squeeze the affiliate earnings of numerous U.S. multinationals strategically ensconced in the United Kingdom, and force many companies to rethink their overall EU strategies, he said. Fears that the Brits will choose to exit the bloc it been a member of for more than 40 years have already sparked turmoil in pound trade GBPUSD, +0.0072% and European stock markets SXXP, +1.08% But U.S. investors should brace for the vote too, said Joseph Quinlan, head of market & thematic strategy Bank of America Global Wealth & Investment Management. Read:Don’t freak out about ‘Brexit’ — now is the time to buy U.K. stocks, J.P. Morgan says The impact of a vote to leave the union is being widely debated this week. Cameron argues Britain is better off staying in the EU, as a goodbye would be a leap into the dark . The United Kingdom is a key pillar of corporate America global infrastructure and a key cog in the global competitiveness of U.S. firms Joseph Quinlan, Bank of America Global Wealth & Investment Management. U.K. Prime Minister David Cameron struck a deal with other European leaders last Friday to change his country membership with the EU. He hopes the deal is enough to convince the British public to vote for staying in the bloc at the in/out referendum on June 23. (news.financializer.com). As reported in the news.