INVESTMENT banking giant Goldman Sachs revealed today it had set aside a mammoth 16.7 billion US dollars (£10.3 billion) so far this year in pay and bonuses as it revealed a 278% leap in profits.
The group, which employs around 5,500 staff in London, revealed a 46 per cent hike in the compensation and benefits pool for the first nine months of the year.
The bumper rewards news comes after Goldman made net earnings of 3.19 billion US dollars (£1.96 billion) between July and September, up from £845 million in the third quarter of last year. More...
See also: Goldman Sachs bankers get 46% pay rise...
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