Economy

Goldman Sachs' Lloyd Blankfein just threw some serious Brexit shade

Lloyd Blankfein made his remarks two weeks after the bank signed a lease to substantially increase its office space in Germany's financial centre.

Goldman Sachs announced earlier this month that it is leasing new space in Frankfurt that could hold up to 1,000 staff.

The chief executive of Goldman Sachs - America's fifth-largest bank by market value - took aim at London following a series of meetings in Frankfurt, tweeting: "Great meetings, great weather, really enjoyed it".

Goldman has been scouting for office space in Frankfurt that could serve as its new trading hub inside the European Union after Brexit, people with knowledge of the matter told Bloomberg in June. Good, because I'll be spending a lot more time there.

That would be five times the current staff of 200 and see the Wall Street giant bolstering activities including trading, investment banking and asset management.

Earlier this year, the U.S. bank's chief executive Richard Gnodde said it was going to move hundreds of staff out of Britain before a Brexit deal is struck. The bank is also thought to be looking at expanding its operation in Paris. Reports that Goldman could move some United Kingdom staff to Frankfurt due to Brexit first emerged in November 2016.

Despite possibly spending more time in Frankfurt, however, he appears to have a soft spot for London.

During a visit to the country following a terror attack in the capital he said: "Beautiful day in London".

Mr Blankfein, who has been the CEO of Goldman Sachs since 2006, appears to have joined Twitter back in June 2011, but only sent what looked to be his first tweet ever in June this year.



Like this

Latest


20 October 2017
Gujarat Congress unit passes resolution for Rahul Gandhi as Congress president
Congress MP Jyotiraditya Scindia has reaffirmed that Rahul Gandhi will soon assume the party president's post, media reports said.

20 October 2017
Actor Shia LaBeouf pleads guilty to obstruction, disorderly conduct charges
Four days later, he expressed his remorse in a tweet , writing "I am deeply ashamed of my behavior and make no excuses for it". The actor apologized for the event after it occurred, taking to Twitter to say the incident marked a "new low" for him.

20 October 2017
Obama to campaign with Murphy in Newark
Seventy-year-old Jersey City resident Diane Coleman was among the first wave of people let in the room where Obama will speak. In the same poll, 36 percent said they had a positive opinion of Trump and 52 percent had a negative opinion.

20 October 2017
EQT Corporation (EQT) Given a $80.00 Price Target at Cowen and Company
Cubist Systematic Strategies Ltd Liability Co holds 0.02% of its portfolio in Post Holdings Inc (NYSE:POST) for 4,400 shares. On July 18, 2017 the stock rating was rated "Equal-Weight" by Barclays which is down from the previous "Overweight" rating.

20 October 2017
Priming the Pump: Pengrowth Energy Corporation (TSX:PGF) Valuation in Focus
Duff & Phelps Investment Management Co decreased Valero Energy Prtns ( VLP ) stake by 6.47% reported in 2017Q2 SEC filing. Standpoint Research initiated coverage on shares of Valero Energy Corporation in a research report on Friday, June 30th.

20 October 2017
A Thai Food Cart in SW Portland Caught Fire This Afternoon
KOIN 6 News learned in 2015 that food carts are required to have a fire extinguisher and a permit for their propane tanks. Jones said the fire ignited after a food cart employee filled a generator with gasoline and the gasoline spilled.

20 October 2017
Medicure (MCUJF) EPS Estimated At $0.24; Coca-cola Enterprises (CCE) Has 3 Sentiment
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Vetr raised Coca-Cola Company (The) from a sell rating to a strong-buy rating in a research report on Tuesday, September 12th.

20 October 2017
SuperValu Inc. (SVU) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS
Previously on 06/29/2017, RBC Capital Markets reported on Supervalu (NYSE: SVU ) increased the target price from $0.00 to $6.00. They expect this year's earnings to rise 18.23% year-over-year to $2.4, followed by 16.25% growth in the next year to $2.79.

20 October 2017
The Met Office has issued a yellow weather warning for Saturday
Travel delays can be expected, and the Met Office has said it is possible some properties and businesses will be impacted. The warning is valid to nearly midnight (11.59pm) on Thursday 19 October.

20 October 2017
Potash Corporation of Saskatchewan Inc (POT) Analysts See $0.15 EPS
Watching the signals on shares of Potash Corp. of Saskatchewan Inc ( POT ), we note that the PPO is now below the signal line. Cowen & Co downgraded Potash Corporation of Saskatchewan ( USA ) (NYSE: POT ) on Thursday, April 14 to "Underperform" rating.



Recommended