Goldman to take £1m cap off London awards after 2010 cuts

first_img Goldman to take £1m cap off London awards after 2010 cuts Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Sunday 9 January 2011 11:04 pm Show Comments ▼ whatsappcenter_img whatsapp Share KCS-content More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the GOLDMAN Sachs is said to be planning a bonus round of $13bn (£8.4bn) this year, a drop on last year’s pool to reflect an anticipated fall in profits.The bank, which employs 35,000 people globally, imposed a £1m cap on bonuses for its London employees last year, but is not likely to keep the limit in place this year.However, the bank’s London workers will still have to comply with new European regulations on pay that require at least half of any bonus to be in non-cash instruments, and for most of it to be deferred and paid out over several years. Last year was tough for investment banks, with little mergers and acquisitions activity to generate fees income. European equity deals have been charged at two per cent.Bloomberg data shows that Goldman earned $213m in fees from lending shares last year, with an average fee of 1.8 per cent. It gained the top spot in Bloomberg’s table versus its investment banking rivals.The scarcity of equity deals has led banks like Goldman to seek out primary market business for non-public firms, such as its $1.5bn capital-raising initiative for Facebook. last_img


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