Goldman CEO has high hopes for London HQ post-Brexit, much outside his control

LONDON (Reuters) - Goldman Sachs (GS.N) chief executive Lloyd Blankfein expects to fill the firm's new European headquarters which is currently under construction in London, but said Britain's exit from the European Union left much outside the bank's control.

The Wall Street bank is building a 1.1 million square foot office in London with initial occupancy slated for 2019 to house its 6,000 UK employees, but the firm needs to ensure it can still service its EU clients after Brexit and may have limited access to the EU's single market from Britain (Source:

Two banks drop McKinsey in fallout from South Africa scandal

JOHANNESBURG (Reuters) - Barclays Africa (BGAJ.J) and Standard Bank (SBKJ.J) said on the 30th of October 2017 they would stop working with McKinsey, a further blow to the global consultancy as it faces allegations of bribery for work done with friends of South African President Jacob Zuma. 

Privately-held McKinsey, the world's largest management consultancy, has denied doing anything illegal but said this month that it was embarrassed by mistakes it made while working with South African state utility Eskom last year (Source:

Australia's NAB reaches agreement with regulator over rate rigging

SYDNEY (Reuters) - National Australia Bank (NAB.AX), the country's No.3 lender by market value, on the 27th of October 2017 said it had reached an agreement worth A$50 million ($38 million) with the corporate watchdog to settle a case over alleged manipulation of a key interest rate.

The Australian Securities & Investment Commission (ASIC) had filed a lawsuit last year, alleging three of Australia's top lenders had rigged the bank bill swap rate (BBSW) for profit between 2010 and 2012 (Source:

RBS to pay $44 million to settle U.S. charges it defrauded customers

(Reuters) - Royal Bank of Scotland Group Plc (RBS.L) agreed to pay more than $44 million and enter a non-prosecution agreement to settle a U.S. Department of Justice criminal probe of traders accused of defrauding customers on bond prices. The settlement with RBS Securities Inc was announced on Thursday by U.S. Attorney Deirdre Daly in Connecticut.

RBS will pay a $35 million fine, plus at least $9.09 million to more than 30 customers, including Pacific Investment Management Co, Soros Fund Management and affiliates of Bank of America, Barclays, Citigroup, Goldman Sachs and Morgan Stanley (Source:

Citigroup plans hiring drive as it re-enters Saudi Arabia

RIYADH (Reuters) - Citigroup (C.N) wants to hire up to 20 bankers in Saudi Arabia, where it plans to formally begin operations in the first quarter after obtaining an investment banking license in the kingdom, a senior executive said.Saudi Arabia's economic reform program would create investment banking opportunities through privatizations and by encouraging more savings by the population, Carmen Haddad, chief executive officer of Citi Saudi Arabia, told Reuters.

The bank obtained a license in April to conduct capital markets business in Saudi Arabia, a move enabling Citigroup to return to the kingdom to offer banking services after an absence of almost 13 years.

More than a dozen foreign banks have licenses to operate branches in Saudi Arabia. Several international lenders want to build a presence as opportunities emerge from the kingdom's reforms to wean the economy off a reliance on oil revenues (Source:

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