Goldman Sachs has removed its cap on bonuses for senior bankers in London, setting the stage for potentially massive payouts.
![Goldman Sachs signage at the New York Stock Exchange. PHOTO: Daniel Acker/Getty Images/Bloomberg](https://krugmaninsights.com/wp-content/uploads/2023/12/102526210-GS_LOGO-1-1024x683.webp)
This change allows key traders and dealmakers to earn up to 25 times their base salary in performance-linked bonuses.
The decision aims to boost the UK’s appeal as a