The UK hasn't sank into the North Sea yet and with it being Sunday, most of the newspapers
were already set-up by Friday evening and Saturday afternoon at the latest. This means their
words will still be jaded from their Masters' last orders.
That... is the nearest I can offer as an excuse for the lack of confidence most of them show
for the country.
But (said in a more upbeat and optimistic tone!) -here's something from the medium that
never sleeps.
......................
Goldman Sachs CEO Lloyd Blankfein has told his staff there is "no immediate change to
the way we conduct our business" following Britain's historic vote on Thursday to leave the
European Union.
In an internal memo to employees seen by Business Insider, Blankfein and chief operating
officer Gary Cohn said the firm would work with the relevant authorities as the terms of the
outcome become clear.
The bank has about 6,000 employees based in London.
In a separate statement, Blankfein said:
"We respect the decision of the British electorate and have been focused on planning for either
referendum outcome for many months. Goldman Sachs has a long history of adapting to change,
and we will work with relevant authorities as the terms of the exit become clear.
Our primary focus, as always, remains serving our clients' needs."
Here is the internal memo:
June 24, 2016
UK Referendum on EU Membership
As you may have seen by now, the British people have voted to leave the European Union, and we
respect this outcome. We have had a strong team focused on this potential result for many months.
There is no immediate change to the way we conduct our business. A process of negotiating the terms
of the exit will now begin, and is expected to take a considerable period of time.
Goldman Sachs has a long history of adapting to change, and we will work with the relevant authorities
as the terms of the exit become clear. We are committed to our people and our clients, and will work
diligently to ensure the best possible outcome.
We will continue to communicate with you as relevant information becomes available.
Lloyd C. Blankfein
Gary D. Cohn
BUSINESS INSIDER UK:
were already set-up by Friday evening and Saturday afternoon at the latest. This means their
words will still be jaded from their Masters' last orders.
That... is the nearest I can offer as an excuse for the lack of confidence most of them show
for the country.
But (said in a more upbeat and optimistic tone!) -here's something from the medium that
never sleeps.
......................
Goldman Sachs CEO Lloyd Blankfein has told his staff there is "no immediate change to
the way we conduct our business" following Britain's historic vote on Thursday to leave the
European Union.
In an internal memo to employees seen by Business Insider, Blankfein and chief operating
officer Gary Cohn said the firm would work with the relevant authorities as the terms of the
outcome become clear.
The bank has about 6,000 employees based in London.
In a separate statement, Blankfein said:
"We respect the decision of the British electorate and have been focused on planning for either
referendum outcome for many months. Goldman Sachs has a long history of adapting to change,
and we will work with relevant authorities as the terms of the exit become clear.
Our primary focus, as always, remains serving our clients' needs."
Here is the internal memo:
June 24, 2016
UK Referendum on EU Membership
As you may have seen by now, the British people have voted to leave the European Union, and we
respect this outcome. We have had a strong team focused on this potential result for many months.
There is no immediate change to the way we conduct our business. A process of negotiating the terms
of the exit will now begin, and is expected to take a considerable period of time.
Goldman Sachs has a long history of adapting to change, and we will work with the relevant authorities
as the terms of the exit become clear. We are committed to our people and our clients, and will work
diligently to ensure the best possible outcome.
We will continue to communicate with you as relevant information becomes available.
Lloyd C. Blankfein
Gary D. Cohn
BUSINESS INSIDER UK:
Edith Head Gives Good Wardrobe.