Goldman Sachs mulls ditching London for Frankfurt
‘US investment giant Goldman Sachs is reportedly considering moving some of its London assets and operations to Frankfurt over fears that it may lose access to the EU after the UK leaves the bloc.
Reuters reports the Wall Street bank is considering the move as a way to come under the umbrella of the Frankfurt-based European Central Bank (ECB), the eurozone’s banking supervisor.
“Moving under ECB supervision in Frankfurt is one of the options the bank is considering,” one anonymous source told Reuters.’
Read more: Goldman Sachs mulls ditching London for Frankfurt
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