Thursday, October 1, 2020
Finance

Goldman Sachs CEO: Brexit Could Stall London’s Progress

London’s progress as a financial center could stall because of the upheaval Brexit will bring to the industry, Goldman Sachs (gs, +0.12%) Chief Executive Officer Lloyd Blankfein was quoted as saying by the BBC.

When asked whether London’s long-term expansion over the past three decades would go into reverse, Blankfein said: “I don’t think it will totally reverse.”

“It will stall, it might backtrack a bit, it just depends on a lot of things about which we are uncertain and I know there isn’t certainty at the moment,” Blankfein said, according to a report on the BBC website.

Important:
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Leave a Reply

thirteen − two =