US banking giants deny plans to quit UK after Brexit

The denials are in response to reports that the banking giants had pre-let office space in German financial capital.

Goldman Sachs said: “We have not made any changes to our real estate requirements in Frankfurt as a result of the referendum result.

“As we have already communicated to our employees, there is no immediate change to the way we conduct our business or where we conduct our business.”

Echoing its Wall Street rival, Morgan Stanley also attempted to quell the rumours.

“Morgan Stanley does not have pre-let office space in Frankfurt,” a MS spokesman said in an emailed statement.

The company employs 5,000 in the UK while Goldman has a British-based workforce of 6,500.

According to the reports over the rumoured flit, both banks would only relocate to the German financial hub when the UK government evokes Article 50 — the first official step in its disentanglement from the 28-nation bloc.

Goldman CEO Lloyd Blankfein said the bank, a big donor to the defeated ‘Remain’ campaign, had planned for either referendum outcome for many months, in a statement issued after the outcome of the historic referendum became clear on Friday.

He said: “Goldman Sachs has a long history of adapting to change, and we will work with relevant authorities as the terms of the exit become clear. Our primary focus, as always, remains serving our clients’ needs.”