Goldman Sachs International's CEO: We are spending money every single day to prepare for Brexit

'Significant' Brexit transitional deal needed

Goldman Sachs International's CEO Richard Gnodde has said his firm has been forced by the uncertainty of the Brexit negotiations to keep "buying insurance" to prepare for business after the March 2019 deadline.

According to the BBC, the firm's most senior employee outside of the US said while it remained important to have a presence in London, Goldman Sachs needs to be prepared to have a contingency plan come March 2019. In order to stop jobs being moved to the continent, Gnodde warned a "significant" Brexit transitional deal was needed. May promises no 'cliff edge' Brexit for UK businesses He said: "The other way to describe the contingency plan is that we are buying insurance, so I am spending money every single day to make sure that come March 2019 I am open for business. "If I knew...