HALISTER: Goldman Sachs Considering 50% Cut to London Staff: Handelsblatt

Goldman Sachs Considering 50% Cut to London Staff: Handelsblatt

(Bloomberg) -- Goldman Sachs is considering cutting its London staff to 3,000, with transfers to New York and the European continent, Handelsblatt reports, citing unidentified people in the financial industry.
  • May transfer up to 1,000 to Frankfurt, including traders and top managers in regulation and compliance
  • Investment bankers for French and Spanish clients would move to those countries
  • Back office people would move to Warsaw
  • Nov. 10: Goldman Sachs Says It Hasn’t Taken Any Decisions on Brexit Move
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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GS US (Goldman Sachs Group Inc/The)

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