London Daily

Focus on the big picture.
Tuesday, Jun 16, 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
UK Supreme Court Revises Legal Definition of Deprivation of Liberty
King’s Birthday Honours Recognise Contributions Across Science, Culture and Public Service
UK Ministry of Defence Reports Interdiction of Russian Shadow Fleet Vessel
UK and US Launch Joint Regulatory Programme for Medicines and Healthcare Products
Solicitor General Refers Murder Sentence to Court of Appeal Under Unduly Lenient Scheme
UK Launches £1.6 Million Mobile Museum Initiative to Expand Cultural Access
Judicial Pay Structure Undergoes Government Review Following Senior Recommendations
Government Confirms Nearly 180 New Youth Hubs Across the United Kingdom
UK Government Expands Careers Support Through Partnership with LinkedIn
Digital News Report Highlights Growing Global Concern Over AI and Information Overload
UK Chancellor Reaffirms Fiscal Discipline and Borrowing Reduction Strategy
UK Government Invests £219 Million in Sustainable Aviation Fuel Development
Rolls-Royce Small Modular Reactors Secures Major Swedish Export Contract
Government Confirms Locations for Nearly 180 Youth Hubs Across Great Britain
UK Government Partners with LinkedIn to Expand Employment Support Services
Reuters Institute Report Flags Rising Public Anxiety Over News and Information Overload
UK Government Commits £219 Million to Expand Sustainable Aviation Fuel Industry
Chancellor Convenes Market Engagement Group to Assess UK Economic Outlook and Productivity Risks
Rolls-Royce Wins Multibillion-Pound Swedish Contract for Small Modular Nuclear Reactors
Government to Ban Social Media Access for Under-Sixteens Across the United Kingdom
Government Approves Fast-Tracked Broadcast Merger Reshaping UK's Media Landscape
Resignation of Defence Secretary John Healey Triggers Debate Over UK Military Strategy
Britain Intensifies Diplomatic Efforts to Support US-Iran Ceasefire
Bank of England Faces Tough Interest Rate Choices After Economic Contraction
Belfast Sees Second Day of Anti-Migrant Riots as Police Deploy Water Cannons
UK Economy Shrinks in April as Energy Price Shocks Weigh on Growth
UK to Ban Social Media Access for Children Under 16 From 2027
UK Parliament Opens Week of Fast-Tracked Security and Infrastructure Legislation
Northern Ireland Projects £21 Million Boost From Major Cultural and Sporting Events
UK and Japan Sign Technology Security Pact to Strengthen AI and Supply Chain Cooperation
UK Welcomes US-Iran Peace Breakthrough Aimed at Restoring Strait of Hormuz Shipping
British Forces Intercept Russian Shadow Fleet Oil Tanker in English Channel Sanctions Operation
UK to Ban Social Media for Under-16s Under Landmark Online Safety Expansion
Anti-Immigrant Riots Spread Across Belfast, Raising Security Concerns
Ministry of Defence Opens Europe's Largest Drone Testing Facility in Swindon
Kemi Badenoch Calls for Deregulation to Restore City's Global Competitiveness
UK Housing Market Posts Sharpest June Price Decline in Fourteen Years
NHS Waiting Lists Rise to 7.22 Million as Diagnostic Delays Reach New Highs
Makerfield By-Election Raises Prospect of Labour Leadership Challenge
Bank of England Expected to Hold Interest Rates at 3.75% Despite Growing Policy Divisions
Royal Marines Seize Sanctioned Russian Oil Tanker in English Channel
Prime Minister Keir Starmer Set to Ban Social Media and AI Chatbots for Under-16s
United Kingdom Markets Rally After US-Iran Deal Reopens Strait of Hormuz
Defence Secretary John Healey Resigns Over Military Spending Dispute, Triggering Cabinet Crisis
Royal Navy Takes Part in Trooping the Colour for the First Time in 350 Years
Think Tank Warns Labour's European Union Reset Could Carry Significant Economic Costs
UK Semiconductor Centre and Japan's Rapidus Forge Advanced Chip Manufacturing Partnership
UK and Japan Launch Offshore Wind Compact Backed by £9 Billion in Investment
Starmer and Trump Discuss Iran Peace Efforts and Reopening of the Strait of Hormuz
United Kingdom and Japan Sign £18 Billion Investment Partnership Focused on Clean Energy and Advanced Technology
×