Economic news

Goldman Sachs to move jobs from London to Paris and Frankfurt after Brexit

U.S. investment bank Goldman Sachs would have hubs in Frankfurt and Paris after Brexit, CEO Lloyd Blankfein said.

According to him, Goldman "won’t have a single hub in the EU, there will be two in Frankfurt and Paris," since Germany and France are the two largest European economies.

A number of the largest international banks, including Citigroup, Morgan Stanley, Nomura and Standard Chartered, have already announced plans to move operations from London to Frankfurt.

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