Financiers are worried about their continued ability to control EU markets – they do not have ordinary people’s best interests at heart, writes John Foster
LAST week Goldman Sachs chief executive Lloyd Blankfein tweeted that it may be necessary for Britain to hold a second referendum on the EU. Too many CEOs, he claimed, “are not happy” with the result.
What is Goldman Sachs? It is the United States’ biggest investment bank. It is also the EU’s.
Last year Goldman Sachs handled 33 per cent of all EU mergers and acquisitions. Together with JP Morgan and Morgan Stanley, these three US banks handled 80 per cent of all company mergers and acquisitions in the EU. They also dominate most other financial services. They do so from London.
These banks are now worried about their continued ability to control EU markets from their still partly deregulated base in the City. They…
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