Goldman Sachs chief executive Lloyd Blankfein has launched a scathing attack on the US government's austerity program, arguing growth will derail significantly once the Bush-era tax cuts expire in January.
Blankfein said with the prospect of a fiscal cliff hanging over the US economy, which economists forecast could wipe around 3% off GDP, now is not the right time for the US to be carrying out austerity...
'Significant' Brexit transitional deal needed
Rosalyn Breedy, corporate and financial services partner at Wedlake Bell, says UK asset managers should tackle their operating models to develop financial firms fit for the 21st century.
Higher stakes and limited options
Will negotiate for transition period
Sandro Pierri joins as global head of client group