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21 January 2016

Reuters: Wall Street weighs into Britain's EU referendum - Goldman, JPMorgan back 'in' campaign

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Goldman Sachs and JPMorgan are making large donations to the campaign to keep Britain inside the European Union, sources said, highlighting the concern among some of the world's biggest banks over the impact of a British exit.

Goldman Sachs has agreed to donate a "substantial six-figure sum" according to one source, while JPMorgan was preparing to make a similar donation, another source familiar with the matter said. [...]

On Thursday, Cameron was preparing to urge business leaders at the World Economic Forum in the Swiss resort of Davos to speak up in favour of Britain staying in a reformed EU.

Cameron is hoping to head off the threat of a British exit, or 'Brexit', by negotiating a package of reforms to the bloc that address concerns about immigration, sovereignty and competitiveness.

He received some support on Thursday from French President Francois Hollande, who said none of Britain's EU reform demands were "insurmountable", but that they must not prevent the euro zone from pursuing further integration.

Full article on Reuters

© Reuters

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