Saturday, June 25, 2016

Brexit may blind us to BHS’s bankers

Goldman Sachs’s top man in Europe will be appearing in front of MPs this week – if anyone can be bothered to watch

Goldman Sachs was one of the big backers of the failed campaign to stay in the EU but some of its bankers might just be relieved the UK voted for Brexit next week.

In a rare public outing for the US investment bank’s top operators, MPs will question Michael Sherwood, Goldman’s top man in London, and two colleagues about their role in the sale of BHS before it collapsed. When he appeared before MPs two weeks ago, Sir Philip Green said he wouldn’t have sold BHS to the former bankrupt Dominic Chappell if Goldman hadn’t said Chappell was credible. “We wouldn’t be sitting here. Absolutely not… We 1,000,000% would not have done business with him,” Green said.

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from Mergers and acquisitions | The Guardian http://ift.tt/28VP8w9

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