Goldman Sachs might not have built European HQ in London if it had known about Brexit, says Lloyd Blankfein
Investment bank boss says he “thought there would have been a worse outcome by now”
Goldman Sachs might not have chosen to build its new European headquarters in London if the decision had been made after Brexit, the bank's boss Lloyd Blankfein said.
The Wall Street giant is currently constructing a new £300m site in the City, which will remain its European base.
But Mr Blankfein said, had Goldman known about Brexit, “we might have made a different decision”.
Read more Goldman Sachs boss Lloyd Blankfein reportedly stepping down “In our European headquarters, Goldman has German nationals covering German securities issued by German institutions, in London,” he said in an interview with Politico on Thursday.
The long-serving Goldman boss said he was wrong about the immediate of effects of the Brexit vote on the economy.
“Cassandra hasn’t been proved right,” he said.
“Some people would say, ‘hasn’t been proved right, yet’.”
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