Goldman Sachs requires its staff to wear face masks starting Monday

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Despite the UK governments relaxation of social distancing restrictions, bankers returning to Goldman Sachs £1 billion London headquarters on Monday would reportedly be required to wear face masks in the premises.

According to reports, unlike some of its competitors, Goldman Sachs will not require employees to be vaccinated to start working from the office. Goldman currently expects that approximately 70% of its UK workforce would return to the office in coming weeks.

Richard Gnodde, the Chief Executive Officer of Goldman Sachs International, stated that the company is very much focused on facilitating a safe and secure workplace to its staff, and everyone would still be wearing a face masks within the office premises.

The firm remained as dedicated to its London headquarters as ever. Goldman put this building in place during the Brexit era, and it truly shows the company’s conviction that London will remain one of the world's premier financial centers.

On the day when actual royalty, in the form of Prince Charles, paid a visit to Goldman's offices, Mr. Gnodde remarked that London's future remains bright.

Financial services is a gem of the crown for the UK’s economy, accounting for 12% of all taxes paid in the country.

Since the Brexit referendum, over £1 trillion of customer and company capital, transaction volumes worth trillions more, and approximately 8,000 jobs have left the capital city of London. This raised questions about the integrity of this crowning piece of the UK economy.

Gnodde stated that now that the UK does not have as unfettered access to the European market as before. The nation must have to make and develop new opportunities.

However, Gnodde also hinted that to keep London competitive with other global financial centers, the government and regulators will need to assist in the creation of such possibilities.

Mr. Gnodde believes there are lessons to be learned from 1985's big bank deregulation of financial services. The United Kingdom's backing for financial services was unambiguous.

Source credit: https://www.bbc.com/news/business-57855681