Global investment banks are broadly falling into two camps on their approach to flexible-work policies.
The takeover adds E*Trade’s $360 billion of client assets to Morgan Stanley’s $2.7 trillion.
Automation and technology are replacing thousands of workers at banks and asset managers around the world.
The bank’s current headquarters is an outdated facility designed in the late 1950s for about 3,500 employees.
The firm cited the cut in corporate taxes as one reason for the change.
Blankfein urged the U.S. to spend more on infrastructure to keep from falling further behind other industrialized nations.