POST Online Media Lite Edition


Goldman Sachs does not support Trump's travel ban

Staff Writer |
Goldman Sachs Group CEO Lloyd Blankfein told employees that President Donald Trump's order to halt arrivals from seven countries was not a policy the bank endorsed.

Article continues below

This is according to a source familiar with the matter, Reuters reports.

"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," Blankfein told employees in a voicemail on Sunday.

Blankfein said Goldman Sachs would work to minimize potential disruptions to employees and their families caused by Trump's order, according to a transcript seen by Reuters.

While Apple, Google, and Facebook emailed their staff to denounce the order, many of their counterparts in other industries either declined to comment or responded with company statements reiterating their commitment to diversity.

What to read next

Goldman Sachs to invest $150 billion in clean energy
Goldman Sachs hedge fund moving from London to New York
Goldman Sachs to pay $5.1 billion mortgage settlement