Wealth and Asset Management
Goldman Sachs Slashes Bankers’ Bonuses by 35%
Goldman Sachs slashed the amount set aside for employee compensation by 35% on last year, as its third-quarter revenue fell sharply. Overall revenue at the US investment bank dropped 20% to $6.27bn (£3.9bn) in the July-to-September period, driven by a plunge in bond-trading revenue. Fixed income trading revenue plummeted 44%,…
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Click here to read the full story: International Business Times