Goldman Sachs' bankers set for £5.3B in pay/bonuses despite profits slump

(Mirror) Mega bank Goldman Sachs has set aside £5.3billion for six months of staff pay and perks – despite profits slumping.

The massive sum in salaries and bonuses and other benefits equates to more than £150,000 for each of the Wall Street giant’s 34,900-strong worldwide ­workforce, with some high-flying bankers pocketing a much bigger share than that.

The US-based investment bank employs around 5,500 people in the UK.

Read full article here.