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Blankfein Sees Concern in Guilty Plea by Any Global Bank

Blankfein Sees Concern in Guilty Plea by Any Global Bank

Goldman Sachs Group Inc. (GS)Chief Executive Officer Lloyd C. Blankfein said he understands the concern over the potential impact to the financial markets of any global bank pleading guilty to a crime.

“There’s concern being shown, and I don’t magnify it, but I don’t minimize it either,” Blankfein said today in an interview after the New York-based firm’s annualshareholder meeting in Irving, Texas. “You hope it’s not existential, and you hope there’s not a knock-on effect to that.”

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