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Evening Standard

Business

Simon Hunt

Goldman shares jump as banker pay cut by 40%

Goldman Sachs United States JPMorgan

Goldman Sachs’ UK headquarters in London
(Picture: POOL/AFP via Getty Images)

Pay and bonuses at US investment bank Goldman Sachs plunged 40% as the company posted results that beat analyst expectations.

The total payroll bill for the company came to $7.8 billion in the six months to June 30, 2022, compared to $11.3 billion a year prior, representing a 40.3% fall in pay per head from $277,000 to $165,000.

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