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.
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