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- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
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- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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Goldman Sachs CEO Blankfein Opposes Trump Travel Ban
[Photo: by Paul Elledge, Wikimedia Commons]
In opposition to Donald Trump’s executive order imposing new travel restrictions, Goldman Sachs CEO Lloyd Blankfein delivered the following company-wide voicemail Sunday night:
This is not a policy we support, and I would note that it has already been challenged in federal court, and some of the order has been enjoined at least temporarily.”
“For us to be successful, our men and women must reflect the diversity of the communities and cultures in which we operate. We must attract, retain and motivate people from many backgrounds and perspectives.”
Blankfein is the first Wall Street CEO to personally weigh in on the travel restrictions and he expressed concern that the travel restrictions could impact Goldman Sachs’ business.
While Silicon Valley leaders and the technology community voice serious concern about the travel restrictions over the weekend, CEOs of the nation’s leading banks, hedge funds and PE firms were nowhere to be seen. To the extent they made commented on the travel restrictions, Wall Street firms issued carefully worded statements that did not support or oppose the immigration policy. The operating committee of JPMorgan Chase, which includes CEO Jamie Dimon, did issue a statement that said the nation’s economy and well being are “strengthened by the rich diversity of the world around us,” but went no further.