Goldman Sachs evacuates from UK

Thursday, 19 January, 2017 - 15:30

US bank Goldman Sachs will move 1,000 staff from London to Frankfurt as part of a post-Brexit reorganisation that will reduce its City headcount by half, German business daily Handelsblatt reported today (19 January).

“The bank is weighing transferring up to 1,000 employees to Frankfurt, including traders as well as top bankers,” the paper reported, citing financial industry sources.

In total, Goldman Sachs will cut its headcount in London from 6,000 to around 3,000.