The CEO of Goldman Sachs , Peter Blankfein , has told Prime Minister Theresa May that a hard Brexit would hurt London 's position of being Europe 's dominant financial centre and the City could lose out to Paris and Frankfurt . The boss of Goldman Sachs told Prime Minister Theresa May that a “hard Brexit” would help European cities such as Frankfurt and Paris compete for London’s position as the continent’s dominant financial centre. Blankfein " talked tough " according to sources but was bemused that Theresa May treated finance like any other industry , despite its significant contribution to the UK economy and to tax revenues . He has previously noted that New York had already benefited from Brexit .
The CEO of Goldman Sachs , Peter Blankfein , has told Prime Minister Theresa May that a hard Brexit would hurt London 's position of being Europe 's dominant financial centre and the City could lose out to Paris and Frankfurt . Blankfein " talked tough " according to sources but was bemused that Theresa May treated finance like any other industry , despite its significant contribution to the UK economy and to tax revenues . He has previously noted that New York had already benefited from Brexit .