Global News Summary 17 July 2009
July 17th, 2009
Goldman Sachs staff to receive bumper bonus US banking giant, Goldman Sachs, has reported a net profit of $3.44 billion (£2.1bn) for April to June and says it has set aside $6.5bn to pay out in bonuses. It attributed a less volatile stock market, together with a rise in global share prices to its success. The bonuses average approximately $226,000 per employee and has raised eyebrows over whether these sorts of bonuses should be paid out so soon after the bank received government loans


