People leave the Goldman Sachs building in Fleet Street, London [Image: Shaun Curry/AFP/Getty Images].

For information: Incurable Brexit optimists please take careful note.

Goldman Sachs is to start moving hundreds of staff out of London before a Brexit deal is struck, the bank’s European boss has confirmed.

Richard Gnodde, chief executive of Goldman Sachs International, said on Tuesday the decision to relocate workers was part of the bank’s contingency plan for the UK leaving the EU. “We are going to start to execute those contingency plans”, he told CNBC.

Gnodde said the bank, which employs 6,000 staff in the capital, would take extra office space in Frankfurt and Paris.

Source: Goldman Sachs to move hundreds of staff out of London due to Brexit | Business | The Guardian

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