Brexit does not bring the elite of world finance to an agreement. The outcome of the June 23 referendum in which British voters will decide whether or not to stay in the European Union divides Goldman Sachs and the main hedge funds active in Europe.
The Wall Street banking giant has concentrated its European operations in London, where it is building a new $500 million headquarters. Goldman is among the international institutions for which Brexit would involve the greatest costs, it is no coincidence that the American Bank has donated 700 thousand dollars to a pressure group against Great Britain's exit from the EU.
Why so much interest? Basically, to save costs and build economies of scale, international banks have concentrated a large part of their European operations in England, counting on the possibility of selling in 28 states without the obligation to obtain authorizations from the authorities of each individual country. With Brexit, this organization risks imploding.
The point of view of the smaller intermediaries and above all of the hedge funds is different, instead pushing for the British farewell to the EU, arguing that UK finance would benefit from less regulation.
