<p>Goldman Sachs will shift between $40 and $60 billion in assets from London to Frankfurt in preparation for Britain's divorce from the European Union, a financial source told AFP Friday.</p>.<p>The New York-based investment bank also plans to transfer about 100 employees from the British capital to the EU by the end of the year, the person added.</p>.<p>Britain formally left the bloc in January but remains bound by its rules during a post-Brexit transition period lasting until the end of this year.</p>.<p>Goldman's decision comes as other financial giants undertake similar moves. JPMorgan Chase also plans shift around 200 billion euros through the end of the year, according to Bloomberg.</p>.<p>Brexit means financial institutions can no longer base staff for EU-wide financial services in London.</p>.<p>Britain still hopes to reach a new trade agreement with the EU, whose chief Ursula von der Leyen is to speak by phone on Saturday with British Prime Minister Boris Johnson, her spokesman said Friday.</p>
<p>Goldman Sachs will shift between $40 and $60 billion in assets from London to Frankfurt in preparation for Britain's divorce from the European Union, a financial source told AFP Friday.</p>.<p>The New York-based investment bank also plans to transfer about 100 employees from the British capital to the EU by the end of the year, the person added.</p>.<p>Britain formally left the bloc in January but remains bound by its rules during a post-Brexit transition period lasting until the end of this year.</p>.<p>Goldman's decision comes as other financial giants undertake similar moves. JPMorgan Chase also plans shift around 200 billion euros through the end of the year, according to Bloomberg.</p>.<p>Brexit means financial institutions can no longer base staff for EU-wide financial services in London.</p>.<p>Britain still hopes to reach a new trade agreement with the EU, whose chief Ursula von der Leyen is to speak by phone on Saturday with British Prime Minister Boris Johnson, her spokesman said Friday.</p>