Goldman Sachs chief warns Brexit risks 'will stall' City

Firm has made contingency plans

Lloyd Blankfein, CEO of Goldman Sachs, has warned London "will stall" as a result of the UK's exit from the European Union.

Blankfein, whose firm employs 6,500 people in the UK, said in an interview with the BBC he had made contingency plans to move staff from the UK to Europe depending on the Brexit outcome. However, he noted he hoped Goldman Sachs would not have to trigger these plans. In particular, he revealed the world's second largest bank had held talks with potential locations across Europe, including Frankfurt and Dublin.  UK could lose 30,000 banking jobs after Brexit Futhermore, Blankfein said he would have to act prematurely if there was not an implementation period of at least two years onc...