The Business Times

Investment banks tell UK's Osborne they will help London after Brexit vote

Published Thu, Jul 7, 2016 · 11:12 AM

[LONDON] Major investment banks including Goldman Sachs and JPMorgan said they would work to help London remain a top centre for international finance, in a joint statement on Thursday with British finance minister George Osborne.

"Britain's decision to leave the EU clearly presents economic challenges which we are determined to work together to meet," the statement said.

"Today we met and agreed that we would work together to build on all this with a common aim to help London retain its position as the leading international financial centre."

Senior executives from Standard Chartered, Bank of America Merrill Lynch and Morgan Stanley, as well as from Goldman Sachs and JPMorgan, met Mr Osborne and signed the statement.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here