Banks Are Ditching London Offices and Not Just Because of Covid-19
- Lenders have cut six million square feet of space since 2011
- Headcount is dropping at fastest rate in at least six years
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The giants of Wall Street and European banking are giving up their strongholds in London.
In the coming months alone, Barclays Plc may ditch its investment bank’s headquarters in the capital; Credit Suisse Group AG is offloading nine floors of office space; and Morgan Stanley is reviewing its entire London footprint.