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 which reflects how much it expects to spend on staff bonuses in 2022, according to newly-released accounts.
The...
Read more on fnlondon.com