International

Goldman Sachs CEO denies that bankers called clients ‘muppets’

LLOYD BLANKFEIN has ended a two-year media silence to launch a fightback against criticism of Goldman Sachs and its corporate culture. LLOYD BLANKFEIN has ended a two-year media silence to launch a fightback against criticism of Goldman Sachs and its corporate culture.The Wall Street giant was rocked last month when Greg Smith, the former head of Goldman’s US equity derivatives business in Europe, wrote an incendiary piece for The New York Times in which he claimed that the bank put its interests ahead of its clients’ and alleged that some executives routinely disparaged clients as muppets.

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