London Daily

Focus on the big picture.
Wednesday, Oct 07, 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
Laura Trott Pledges Tighter Controls on Political Activism in UK Classrooms
Welsh Ministers Launch Long-Term Review of North Wales and Anglesey Crossings
Welsh Government Orders 18-Month Study of Road Solutions Around Newport
Reform UK MP Sarah Pochin Faces Scrutiny Over £800,000 Second Home Purchase
British Households Grow More Concerned About Fuel and Energy Prices
NHS Leaders Warn of Rising Winter Pressure on Emergency Departments
Kemi Badenoch Proposes £2.3 Billion Employer National Insurance Cut for Young Workers
Middle East Conflict Could Erase UK Fiscal Headroom, Economists Warn
Manchester City Found Guilty of Multiple Premier League Financial Rule Breaches
UK Security Services Find Strong Indications of Iranian Role in RAF Fairford Incident
Costa Coffee Returns to Operating Profit on Iced Drinks and Menu Changes
Asos Warns Customers After Unauthorized Access to Retail App and Data
Kemi Badenoch Puts Growth and Deregulation at Center of Conservative Conference
Campaigners Warn of Deepening Social Care Crisis for Disabled Adults
Study Finds Rising Early-Onset Cancer Rates Among Adults Under 50 in Britain
UK Coach Operators Warn High Diesel Prices Could Force Route Cuts
FCA Opens Independent Review Into Handling of Epstein-Linked Whistleblower Case
Argentina Vows to Block Falkland Islands Offshore Oil Development
UK Chancellor Prepares Fiscal Measures and Welfare Reforms Ahead of Autumn Budget
Sainsbury’s and Morrisons Explore Potential Multi-Billion-Pound Merger
UK Weighs Tariffs on Chinese Electric Vehicles to Align With European Union
UK Threatens Diplomatic Expulsions Over Planned Closure of East Jerusalem Consulate
UK Energy Price Cap Hits Three-Year High as Middle East Conflict Raises Costs
Seventh Arrest Made in Suspected Terror Plot at RAF Fairford
Systemic Education Collapse Sparks Mass Student Uprisings in France
Green Party Faces Backlash Over Resolution Equating Zionism With Racism
Conservatives Debate Scrapping Environmental Rules for New Homes
Cornwall Insight Warns UK Energy Bills Could Approach £2,000 This Winter
UK Coach Operators Warn of Service Cuts as Diesel Prices Exceed £2
Scottish Parliament Approves £68 Billion Budget With New Tax and Property Measures
FCA Opens Independent Review Into Handling of Epstein Whistleblower
UK Government Drops Plan to Suspend Jury Trials in England and Wales
Bank of England Holds Interest Rate at 3.75% as Markets Watch November
Two Iranian Nationals Charged Over Alleged Plot Targeting Manchester Jewish Community
UK Fiscal Headroom Halves to £11 Billion Ahead of Budget, EY Warns
US Bomber Withdrawal From RAF Fairford Prompts UK Security Review
Sarah Wakfer Appointed Chair of Northern Ireland’s Health and Care Regulator
Scotland Housing Completions Fall to 11-Year Low Amid National Shortage
UK Water Companies Face Tougher Oversight and Unannounced Regulatory Inspections
Middle East Conflict Pushes UK Fuel and Wholesale Energy Prices Higher
Andy Burnham Raises Prospect of Second Brexit Referendum in Review of UK-EU Relations
EY Warns UK Fiscal Headroom Has Halved to £11 Billion Ahead of Autumn Budget
BT Accused of Pressuring Vulnerable Customers During Digital Landline Shift
British Carmakers Warn of Growing Pressure From EU-China Tariff Dispute
Green Party of England and Wales Adopts Motion Defining Zionism as Racism
Medical Charity Threatens NHS Legal Action Over Two-Year Autism and ADHD Assessment Waits
British Transport Police Report Record Rise in Violence on Railways
Glasgow Council Workers Face Pay Cuts Under Fire-and-Rehire Plan
British Medical Groups Press Prime Minister Andy Burnham to Cancel £330 Million Palantir NHS Contract
UK Faces Record Bluetongue Outbreak Across Livestock Farms
×