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Deutsche could scatter half of its New York staff within 5 years, exec says

December 15, 2020

The prospect of moving teams to lower-cost areas isn’t new. Goldman Sachs, for example, has based staff in Salt Lake City since 2000. Dallas, too. And last week, it reportedly was considering moving its asset-management arm to South Florida. Executives have been scouting office locations, chatting with local officials and eyeing tax advantages, sources told Bloomberg.

“We are executing on the strategy of locating more jobs in high-value locations throughout the U.S., but we have no specific plans to announce at this time,” a spokesman for the bank told the wire service in an emailed statement.

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