Goldman Sachs yesterday posted profits of more than $3bn in the last three months, providing further evidence some banks have returned to health a year after the sector almost collapsed, and set aside $5.35bn (£3.3bn) in the quarter to cover pay and bonus payments to its staff.
So far this year, Goldman Sachs has allocated $16.7bn to pay employees, compared with $11.4bn after the first three quarters of last year.
Elsewhere, Citigroup posted a loss in the third quarter as spiraling consumer losses overwhelmed its strong trading results.
