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Goldman said compensation and benefits for its 40,000 employees rose more than 17% to £3.3bn in total.
Goldman Sachs raised staff pay and bonuses by almost a fifth in the second quarter after its profits were boosted by a recovery in trading.
The bank said staff compensation and benefits rose 17 percent to £3.3 billion, bringing the total so far this year to £6.8 billion, and reflecting its “best-ever operational performance.” Goldman Sachs employs about 45,000 people worldwide, including 6,000 in the U.K.
Second-quarter profits were £2.3 billion, above market expectations and more than double the £940 million from the same period a year earlier.
Investment banking fees rose 21 percent, M&A fees rose 7 percent, and there were big increases in debt and equity underwriting.
Chief Executive David Solomon said: “We remain well positioned to benefit from a continued resurgence in activity.”
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