Goldman Sachs staff set to receive £14.6bn in pay and bonuses

City bank Goldman Sachs is expected to confirm tomorrow that staff bonuses will smash all records in 2009.

The Wall Street giant is on course to lavish £14bn in pay and bonuses on staff this year following a surge in profits between July and September, according to the Daily Mail.

The paper reports that Goldman’s 5,500 UK workers are now set to pocket an average of almost £500,000 each for this year – the highest rewards in the firm’s 140-year history.

The bulk is expected to be paid in shares and could be staggered over a number of years.

Elsewhere, a report published today by Morgan McKinley revealed that City workers expect a similar or higher bonus than last year despite the recession.

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