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Goldman bankers set for bonus windfall as profits rise

Published: January 14, 2013
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Source: Telegraph

Analysts expect the Wall Street bank to have amassed a total compensation pot, which includes bonuses and salaries, of between $13.3bn (8.2bn pounds) and $13.8bn for 2012.

That is up from $12.2bn in 2011, when the bank suffered only its second quarterly loss since becoming a public company in 1999.

Goldman is expected to have enjoyed a better final quarter of last year, with both bond and share trading delivering a more robust performance.

"We anticipate fourth quarter market conditions were fair for both equities and fixed-income businesses," said Howard Chen, an analyst at Credit Suisse.

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