3 top firms said to consider pulling some activities out of London

The list of firms mulling a London pullback grows.

Reuters report that Goldman Sachs would shift resources towards locations in continental Europe and away from Britain should the country's voters choose to end the country's membership of the EU, a senior executive told the Frankfurter Allgemeine Sonntagszeitung.

'We would not completely leave Britain but we would certainly strengthen our presence in other locations within the EU', Richard Gnodde, co-chief executive officer of Goldman Sachs International and co-head of the Investment Banking Division was quoted as saying in an interview.

In the meantime, The Financial Times reports that Credit Suisse and ING have warned the Treasury in pre-Budget talks that they are considering pulling some of their activities out of London.

The warning by the two banks comes despite the government’s efforts to calm growing concern among UK-based financial institutions about the £3bn bank levy and the country'’s future in the EU.

Goldman Sachs eyes tilt to EU if UK backs 'Brexit' - paper

Credit Suisse and ING eye reduced London presence

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News