GOLDMAN SACHS, the world’s biggest investment bank that is now assailed by accusations of fraud, is poised to reignite controversy over bankers’ bonuses by paying its staff more than £3.5 billion ($5.3b) for just three months’ work.
Close to £600m is expected to be paid to the group’s 5,500 London-based staff for the first three months of this year. This is on a par with their remuneration in 2007, the last year of the boom.
The revelation of the enormous pay deals comes as Goldman prepares for a legal battle with the US government. The group was sued on Friday by the Securities and Exchange Commission, the Wall Street regulator, over claims it defrauded investors of $1 billion. Goldman denies the charges.
The Trump administration will resume garnishing wages from student loan borrowers in default in early 2026,...
The job market continues to show signs of cooling.U.S. employers added just 64,000 jobs in November,...
US prices rose 2.7% in the year to November, according to federal data released a day...
