THE INDEPENDENT: Staff at investment banking giant Goldman Sachs earned a mammoth 6.65 billion US dollars (£4.1 billion) in pay and bonuses during a bumper second quarter for the group, it emerged today.
Compensation and benefits were 47 per cent higher to reflect revenues soaring to a record 13.8 billion dollars (£8.5 billion) as improving financial markets buoyed the business.
The bank, which has more than 5,000 staff in the UK, also delivered a 65 per cent rise in second-quarter profits of 3.44 billion US dollars (£2.1 billion) - well above expectations. >>> By Russell Lynch, Press Association | Tuesday, July 14, 2009
