London Daily

Focus on the big picture.
Monday, Jul 13, 2026

Goldman Sachs tells bankers to return to office in June

Goldman Sachs tells bankers to return to office in June

Ioannis Dekas says it is difficult to help his sons grow into men who respect women when they have so much access to violent imagery.

That is the date on which the government hopes to lift legal limits on social contact in England.

While for many working from home has become normal, Goldman boss David Solomon previously described it as "an aberration".

But rival investment bank JP Morgan is planning for "significantly" less office space, it said in April.

Goldman bankers have in large part already returned to the office in parts of the Asia-Pacific region.

But, in India and Latin America "the devastating rise in the number of infections and deaths is leading to new lockdowns and significant strain", three Goldman top executives said in an internal memo on Tuesday.

However, the bank is "encouraged by the rollout of vaccines" in many places, chief executive David Solomon, president John Waldron and chief financial officer Stephen Scherr said.

US bankers should be ready to come back into the office on 14 June, and UK bankers should make plans to be back on 21 June, they said.

Goldman Sachs employees will be encouraged to come back to London offices from 21 June

"We know from experience that our culture of collaboration, innovation and apprenticeship thrives when our people come together, and we look forward to having more of our colleagues back in the office so that they can experience that once again on a regular basis," they said.

Staff who wish to continue to work from home should discuss this with their manager, they added.

While some bank bosses have indicated that working from home may not be a long term option for some employees, others are planning for smaller offices.

JP Morgan boss Jamie Dimon said in April that the investment bank will require "significantly" less office space in the coming years, needing just 60 seats per 100 people.

Some traders have been working in Canary Wharf during the pandemic

HSBC boss Noel Quinn said at the end of April that the bank plans to move to a hybrid model of working, with employees having a mixture of working in the office and from home.

Some investment bank traders at Canary Wharf have been working from the office during the pandemic.

Barclays expects to keep a significant number of traders at Canary Wharf in the future.

Barclays boss Jes Staley has previously said home working is "not sustainable" for large financial institutions.

Bank employees in London and New York will be coming back into the office on a phased basis from mid-June, but the return to working from the office for Barclays employees will be gradual.

Newsletter

Related Articles

0:00
0:00
Close
World Cup Visitors Turn American Big-Box Stores Into Souvenir Stops
Netflix Weighs Always-On Channels, Bundles and Short-Form Video
Passenger Is Pulled Partly Outside Ryanair Jet After Window Fails Mid-Flight
Innovation-led growth strategy
Public service reform pressure
Defence and industrial security
Labour leadership transition and economic reset
Northern England Pushes for Greater Influence in Britain’s Future Economic Model
UK Technology Strategy Focuses on Life Sciences, Digital Innovation and Research Investment
Britain and United States Maintain Focus on Pharmaceuticals Cooperation and Industrial Growth
UK Public Services Face Continued Pressure as Government Promises Visible Improvements
Regional Economic Power Becomes Key Theme in Britain’s Next Political Phase
Britain Expands Support for Small Businesses as Firms Seek Better Access to Finance
UK Economy Remains Central Political Challenge as Cost of Living and Growth Concerns Persist
National Health Service Introduces New Workplace Reviews to Improve Conditions for Healthcare Staff
UK Life Sciences Sector Secures More Than Three Billion Pounds in Investment to Support Innovation
Britain Strengthens Defence Strategy as Security Concerns Reshape Military and Industrial Policy
Andy Burnham Promises Stronger UK Defence Industry and Expanded Domestic Production
UK Government Faces Difficult Spending Choices as Labour Leadership Transition Approaches
Rachel Reeves Warns Andy Burnham of Immediate Economic Challenges After Expected Leadership Change
Andy Burnham Prepares to Lead UK Government With Plans for Regional Power Shift and Economic Reset
Government Creates Emergency Support Scheme for Financially Struggling Universities
United Kingdom Replaces Traditional Farm Subsidies With Payments Linked to Environmental Performance
National Grid Reports First Week of Electricity Generation Without Fossil Fuels
United Kingdom Financial Regulator Introduces Tougher Capital Rules for Cryptocurrency Exchanges
Belfast Harbour Expands Operations to Attract Investment Through United Kingdom and European Union Market Access
Scottish Government Threatens Legal Challenge Over Westminster Cuts to North Sea Transition Funding
United Kingdom Accelerates Trans-Pennine High-Speed Rail Project Linking Northern Cities
United Kingdom Secures Ten Billion Pound Investment for Cambridge Quantum Computing Campus
Port Talbot Steelworks Wins Support for Green Hydrogen Transition and Protection of Industrial Jobs
United Kingdom Sends Royal Navy Carrier Strike Group to Indo-Pacific as Regional Security Focus Expands
National Health Service Expands Artificial Intelligence Diagnostics Across England to Reduce Screening Backlogs
United Kingdom Launches Fifty Billion Pound Infrastructure Fund to Accelerate Housing and Construction
UK Medical Chiefs Update Health Guidance to Promote Everyday Physical Activity
Office of Communications Keeps Wikipedia Under Review Under UK Online Safety Rules
UK Defence Ministry Expands Deep-Strike Capability Through Precision Missile Programme
Russell Group Universities Warn Funding Cuts Could Damage NHS Workforce Training
UK Parliament Calls for National Emergency Broadcast as Heatwave Conditions Intensify
UK and Netherlands Strengthen Naval Cooperation With New Amphibious Defence Partnership
UK Defence Ministry Joins International Missile Programme With One Hundred and Ninety Million Pound Investment
Bank of England Warns Middle East Conflict and AI Risks Could Pressure UK Economy
UK Government Introduces New Rules to Limit Foreign Influence in Political Donations
UK and France Prepare Naval Mission to Protect Shipping Through Strait of Hormuz
United States Pressures UK to Increase Defence Spending at NATO Summit
Bank of England Warns Artificial Intelligence Investment Boom Could Create Financial Stability Risks
Bank of England Begins Direct Oversight of Critical Technology Providers Supporting UK Finance
Andy Burnham Set to Become UK Prime Minister After Labour Leadership Race Clears Path to Downing Street
Scottish Fishing Industry Calls for Emergency Support Amid Rising Costs
UK Supports Stronger European Response to Russian Actions in Ukraine
Devon and Cornwall Police Release Suspect in Ann Widdecombe Murder Investigation
×