In October 2017, Goldman Sachs boss Lloyd Blankfein tagged # Brexit as a future banking center, as is always the case with serious international financial institutions, including Donald Trump. We talked about the benefits of Frankfurt.
“I will spend more time there,” he said in a clear jibe in the city of London. Banking is now taking place in the town best known as the home of the famous basketball club Frankfurt Skyliners, which has a zoo.
That night I attended a city award that included a Goldman Sachs table. Few could resist the temptation to pass by and point at the clock and ask when the last flight to Germany departed Heathrow.
They adopted this with the world-famous humor of the Goldman people.
Blankfine then retired meaninglessly and probably moved to Frankfurt. This is as good a place as after giving up banking.
Today, Jamie Dimon, chief of JP Morgan, who appears to be his companion / rival, warned that all European functions of the bank might have to be transferred from London.
His annual letter to shareholders states, “When it makes sense to move all the functions of servicing Europe from the UK to continental Europe, we may reach a turning point years ahead. No, “he said.
His conceit is that the business will follow him. As Lloyd Blankfein did, he would be happy if someone else would be happy if most of his business stayed in London and JP Morgan decided to go see Skyliners fight Arch’s enemy, Basket Bamberg. You may find that you can do it.
My favorite story about Dimon is how he met his wife. At a Harvard student party, he told future Mrs. Dimon: “I’m Jamie. You’re leaving with me tonight.”
She did it. He is a charismatic man. But the rest of us may find it easy to resist his overture.
You don’t have to chase Jamie Dimon, the charismatic JP Morgan boss, from London.
Source link You don’t have to chase Jamie Dimon, the charismatic JP Morgan boss, from London.