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Goldman Sachs slashes London banker pay by 60% in first half of 2022
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fnlondon.comGoldman Sachs has cut the amount it spends on pay for London bankers by nearly 60% in the first half of 2022, reflecting what is expected to be a much leaner year for dealmaker bonuses.
The US investment bank spent just over $1bn on compensation for staff in Goldman Sachs International, which houses its European business, compared to $2.5bn a year earlier, according to accounts released in August.
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