Goldman Sachs plans to remove the pre-Brexit EU cap on bonuses for high-paid UK employees.
Goldman Sachs plans to scrap pre-Brexit EU cap on bonuses for its highest-paid employees in the UK, a source familiar with the matter revealed. The UK had previously lifted a bonus cap limiting such payments to two times their base salary. This change allows London's finance industry to adjust bonuses for traders and investment bankers, and makes the UK more attractive as a financial center post-Brexit.
May 02, 2024
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