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Report: Goldman Sachs explores moving key operation from NYC to Florida, where taxes are low, to save money

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Could save Goldman hundreds of millions of dollars per year

Chris Hondros/Getty Images

Goldman Sachs, the investment bank behemoth that controls nearly $2 trillion of assets, has reportedly explored shifting some of its key operations out of Manhattan, which has one of the highest costs of living in the world and is one of the most taxed places in the United States.

According to Bloomberg News, Goldman is eyeing south Florida — in the area north of Miami, such as Fort Lauderdale and Palm Beach — as the new base of its asset management division.

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