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Goldman Sachs boss tweets Brexit warning

30 October 2017

Goldman Sachs chief executive Lloyd Blankfein expects to fill the firm's new European headquarters which is now under construction in London, but said Britain's exit from the European Union left much outside the bank's control.

"In London", Blankfein said in a post Monday that contained an aerial shot of construction nearing completion. GS still investing in our big new Euro headquarters here.

The new office - which is being built just off Farringdon Street and near its Peterborough Court headquarters - is expected to be around nine storeys high when it is ready to house staff in two years' time. "Expecting/hoping to fill it up, but so much outside our control.#Brexit", the banking boss wrote. The office will have 1.1m square feet of space, but the firm has an option to take less space if necessary.

Blankfein previously tweeted after visiting Frankfurt, the German financial capital where the bank this month signed a lease on 107,000 sq ft of space in preparation for Brexit.

Blankfein sparked a wave of speculation earlier this month when he tweeted he was planning to spend a lot more time in Frankfurt.

Standard Chartered has committed to expanding or establishing offices in Germany, Citigroup has notified its bankers of plans to bolster its Frankfurt office, creating 150 jobs, and Morgan Stanley is on track to move as many as 200 staff.

Earlier this month, Blankfein signaled the USA investment bank would move some of its European operations to Frankfurt as a result of the UK's departure from the EU. Germany's financial capital has emerged as the biggest victor in the fight for the thousands of London-based jobs that will be relocated inside the EU.

Goldman Sachs boss tweets Brexit warning