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Goldman Sachs slashes London banker pay by 66% during the first quarter
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Goldman Sachs reduced the amount it spends on pay for London-based staff by 66% during the first quarter as dealmaking fees have slumped.
The US bank has shaved off $1bn in compensation costs during the first quarter for employees at its Goldman Sachs International branch, a figure that reflects how much it expects to spend on staff bonuses in 2022, according to newly released accounts.
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