Goldman Sachs Donates ‘Six-Figure Sum’ to Keep Britain in EU

Goldman Sachs
Chris Hondros/Getty Images

From Sky News:

Goldman Sachs has donated hundreds of thousands of pounds to the campaign to keep Britain in the European Union (EU), underscoring City firms’ concerns about the implications of ‘Brexit’.

Sky News can exclusively reveal that Goldman has agreed to give what insiders said was a “substantial six-figure sum” to Britain Stronger in Europe, the group chaired by the former Marks & Spencer boss Lord Rose.

The donation, on which Goldman declined to comment, reflects deepening anxiety among the Wall Street bank’s senior executives about the potential economic disruption that they believe a British exit from the EU would cause.

Its decision to invest a substantial sum in the campaign makes Goldman, which employs 6000 people in the UK, one of the most prominent donors to either side of the looming EU referendum campaign.

A source close to the bank insisted that it should not be interpreted as a partisan political intervention, while the precise sum that it has donated was unclear…

…Goldman is thought not to be the only big bank which has agreed to help fund the ‘In’ campaign: City insiders told Sky News on Wednesday that other firms had also agreed to commit money in recent weeks.

Read the rest of Mark Kleinman’s piece here.


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