Goldman Sachs was the first major bank to overhaul its compensation structure after the UK scrapped an EU cap on bonuses Photo: Bloomberg via Getty Images
Goldman Sachs bolstered average bonuses by nearly 40% across its UK investment bank in 2024, the first year it was free of the long-standing cap on variable compensation.
The Wall Street bank paid an average of $967,841 in bonuses for so-called material risk takers working in its London investment bank, according to new regulatory filings, marking a 39.1% rise on the previous year.