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Goldman’s London bankers paid average of $1m each

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Iain Dey
London Times
May 2, 2010

GOLDMAN SACHS, the investment bank at the centre of a criminal investigation into its role in the financial crisis, paid its London staff $5.5billion (£3.6billion) in salary and bonuses last year.

The payouts equate to an average of $1m each – almost twice as much as the average pay deal across the rest of the group.

The figures, detailed in accounts filed at Companies House late on Friday, come amid continuing criticism of high pay for bankers.

They also follow the revelation that the US attorney-general has launched an investigation into Goldman’s sales of complex mortgage products in the run-up to the global financial collapse.

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This article was posted: Sunday, May 2, 2010 at 3:10 am

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