Goldman Pulls Out of Saudi Conference After Mnuchin Withdrawal - Bloomberg:
Goldman Sachs Group Inc. pulled its top executives from an investment conference in Saudi Arabia, hours after U.S. Treasury Secretary Steven Mnuchin backed out.
The firm was among the last of the biggest U.S. banks to withdraw after reports emerged that journalist and government critic Jamal Khashoggi had been tortured and killed by Saudi agents in the country’s Turkish consulate.
“This incident is unacceptable and clearly they have to answer questions,” Chief Executive Office David Solomon said Thursday in a CNBC interview. Saudi leaders’ response to the international uproar “will have an impact on how we all interact,” said Solomon, who took over at New York-based Goldman on Oct. 1. The remarks were among the strongest to emerge from a senior Wall Street executive since the furor erupted earlier this month.
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