Pounds 4.1bn Bonus Bonanza for Goldman Sachs Staff As Markets Lift

Daily PostJuly 15, 2009

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Summary


STAFF at investment banking giant Goldman Sachs earned a mammoth $6.65bn (pounds 4.1bn) in pay and bonuses during a bumper second quarter for the group.

Compensation and benefits were 47% higher, to reflect revenues soaring to a record $13.8bn (pounds 8.5bn) as improving financial markets buoyed the business.

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Extract


Pounds 4.1bn Bonus Bonanza for Goldman Sachs Staff As Markets Lift

The bank, which has more than 5,000 staff in the UK, also d...

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