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Goldman Sachs London banker pay slides 53% as deal fees fade

Average staff payouts for the first nine months of the year fall from $746,000 to $360,000

Goldman's UK staff have seen their average pay drop significantly
Goldman's UK staff have seen their average pay drop significantly Photo: Getty Images

Goldman Sachs has more than halved the amount it has paid its London bankers so far in 2022, as dealmaking bonuses are expected to slide after a slump in fees.

The US investment has paid out $1.4bn in compensation for employees in Goldman Sachs International — which encompasses its UK operations — for the first nine months of 2022, a 53% decline on the previous year, according accounts released on 9 November.

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