Goldman Sachs bonuses to take a hit

Updated

Pity Goldman Sachs employees: their average salary and bonus this year for around 30,000 staff will likely tumble from $431,000 to $385,000; that's $2.7bn down overall on the $15.3bn paid out in 2010, leaving the pay and bonus pot at $12.6bn.

The announcement of the amount of expected collective remuneration of its staff comes alongside expected annual losses for the bank.

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