Goldman Sachs has warned that it may restructure its UK operations following Britain’s vote to quit the European Union.
Voting in favour of Brexit in the June referendum “may adversely affect the manner in which we operate certain of our businesses in the European Union and could require us to restructure certain of our operations,” Goldman Sachs said in a US regulatory filing.
The bank, which employs about 6,000 staff in the UK, was the latest among the major US banks to warn of overhaul of operations owing to Brexit.
Prior to the Brexit, US banking major Morgan Stanley warned of moving 1,000 UK jobs to the eurozone in the event of Brexit. The bank later said that in its own regulatory filing that it was continuing to “evaluate various courses of action”.
Recently, RBS CEO Ross McEwan also warned the group's staff that UK's decision to exit the European Union could create economic uncertainties.