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Goldman hedges bets in US election

Goldman Sachs staff are hedging their bets on the outcome of this year's US presidential elections by backing both sides equally. Employees at the bulge-bracket bank have emerged as by far the biggest corporate backers of the Democrat and Republican campaigns.

Goldman employees, individually and through pooled funds, have put $3.65m (€3m) into the elections so far in this campaign and the money going to each main party is split down the middle. Goldman Sachs staff have given $1.86m to the Democrats and $1.79m to the Republicans, according to the Center for Responsive Politics, a non-partisan organisation.

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