10:24 GMT +326 September 2017
Live
    A screen at a trading post on the floor of the New York Stock Exchange is juxtaposed with the Goldman Sachs booth

    Goldman Sachs May Move Jobs Out of London Amid Brexit

    © AP Photo/ Richard Drew
    Business
    Get short URL
    216995

    Goldman Sachs International may relocate its staff outside of London in the course of its expansion across the European continent, the company's chief executive officer said Tuesday.

    MOSCOW (Sputnik) — According to the broadcaster, Gnodde said that the company already had banking licenses in France and Germany, but stressed that the United Kingdom would remain an important "regional hub."

    "It'll be a combination of things. We'll hire people inside of Europe itself and there will be some movement," Richard Gnodde told the CNBC broadcaster, when asked if European expansion would mean moving jobs out of London or hiring new people on the continent.

    Goldman Sachs' decision to relocate people may add to the rising uncertainty over the future of London's thriving financial sector now that the United Kingdom is about to leave the European Union.

    Related:

    British 'Plan B' for Ten Year Brexit Buffer Set for EU Court Clash
    Britain's May Sets Brexit Date as Scottish Nationals Step Up Independence Calls
    UK Economy Consolidates Ahead of Brexit Launch as Inflation Speeds Up
    Merkel and Trump Meet Amid Trade, European Union, NATO, Brexit Divisions
    Tags:
    Brexit, Britain, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment