"Giant banks donate to UK's Yes Campaign"
Some of the giant banks across the globe have reportedly donated hundred of thousand pounds to the pro-European campaign in the UK ahead of a referendum on the country’s membership of the bloc.
The alleged support by the Goldman Sachs and JP Morgan reveals how Wall Street is worried about a potential British exit from the bloc.
According to Reuters, Goldman Sachs and JP Morgan plan to give a “substantial six-figure sum” to the campaign. Meanwhile, others firms, such as Morgan Stanley, are said to be likely to donate but a figure has yet to be decided.
Earlier, senior figures at Goldman Sachs had spoken out about the importance of Britain remaining in the EU.
The co-chief executives of Goldman Sachs International – the London arm of the bank – wrote in the Times in 2013 that a Brexit would be against the UK’s national interest.
EU membership has long been a hot topic in Britain. Eurosceptics, who believe the UK would be better off outside the political and economic union, seek the UK's withdrawal from the EU. Various polls have indicated that the British public is divided on the issue.
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