Dec 8 (Reuters) – Goldman Sachs Group’s (GS.N) bonus pool for senior workers is anticipated to shrink by as a lot as half, information platform Semafor reported on Thursday, citing individuals acquainted with the matter.
The financial institution didn’t instantly reply to a Reuters request for remark.
The dealmaking increase on Wall Avenue has taken a success from excessive rates of interest and hovering inflation.
Charges for advising corporations on mergers and acquisitions, a key driver of income on the large U.S. banks, plunged this 12 months from document highs final 12 months.
Bloomberg Information reported final week that Goldman plans to chop year-end bonuses for its merchants.
Reporting by Mehnaz Yasmin in Bengaluru; Modifying by Shounak Dasgupta
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