Goldman, Morgan Stanley deny plans for Frankfurt office switch after Brexit

U.S. investment banks Goldman Sachs and Morgan Stanley have denied speculation they are poised to shift London-based staff and operations to Frankfurt as soon as Britain's divorce proceedings from the European Union formally begin. "We have not made any changes to our real estate requirements in Frankfurt as a result of the referendum result," Goldman said in a statement issued on Wednesday. Echoing its Wall Street rival, Morgan Stanley also moved to quell chatter it was planning to relocate to