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Goldman Sachs: Senior London Banker Bonus Cap Scrapped | Explained

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
Goldman Sachs signage at the New York Stock Exchange. PHOTO: Daniel Acker/Getty Images/Bloomberg

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

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