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Goldman Sachs compensation hits 10-year high as bank pays out more than $13bn to staff

Goldman has a reputation for lavish pay, even among its investment banking rivals, and has continued to say that it will pay its employees for performance

Goldman Sachs has put aside more to pay its employees than at any point over the past 10 years, as performance surged in key business lines during 2020
Goldman Sachs has put aside more to pay its employees than at any point over the past 10 years, as performance surged in key business lines during 2020 Photo: John Gress/Getty Images

Goldman Sachs has put aside more to pay its employees than at any point over the past 10 years, as performance surged in key business lines during 2020.

The US banking giant paid $13.3bn to its staff last year, the most since 2010 when it was still enjoying huge revenue gains within its investment bank and global markets units.

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