Blankfein Says European Banks Have Ample Access to Liquidity
- Goldman CEO's comments come after Deutsche Bank's stock slide
- Blankfein preaches caution at conclusion of his remarks
How Much Fear Is Surrounding European Banks?
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European lenders have so much access to funding that worries about the failure of a large global bank haven’t kept Goldman Sachs Group Inc. from dealing with them, Chief Executive Officer Lloyd Blankfein said.
“There are so many funding mechanisms available in Europe that allow banks to generate liquidity,” Blankfein said Tuesday at an investor conference in Miami, responding to a question from the audience about whether his firm has pulled back from transacting with certain institutions.