The Times: Quick deal on Brexit vital, warn chiefs of HSBC and Goldman Sachs

31 October 2017

Two senior bankers have called for clarity over Britain’s future relationship with the European Union, warning that jobs and investment depend on a prompt decision.

Stuart Gulliver, outgoing chief executive of HSBC, and Lloyd Blankfein, chief executive of Goldman Sachs, struck separate upbeat notes yesterday about London’s prospects after Brexit, but emphasised that decisions needed to be made quickly about Britain’s trading relationship with the EU once it has left the bloc.

Mr Gulliver said that the government ought to thrash out those details to safeguard foreign investment in the UK. HSBC’s international clients were “really keen” to hear specific plans, he said as he reiterated that the bank may move 1,000 jobs to Paris in the event of a “hard” Brexit.

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