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Goldman hikes pay costs for London bankers by 9% as fees jump

Investment Banking Editor

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Goldman Sachs increased pay costs for its London bankers in the first quarter of 2025 as revenue jumped across its dealmaking and trading divisions.

The Wall Street bank hiked pay costs by 9% in the first three months of 2025 for Goldman Sachs International staff, according to newly released accounts, which it said reflected higher bonus accrual costs.

The Wall Street bank’s international unit saw improved performance across investment banking and equities in the first quarter

Paul Clarke

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