Mr. 'Fat Cat' Banker Goes to WashingtonBy
As markets rallied last year, investment banks paid back TARP funds and Wall Street reactivated steakhouse tabs en masse. A return to Bonus Bonanza was almost preordained. According to Bloomberg, financial services profits could triple by 2011. Goldman Sachs (GS) is getting ready to report what looks to be its biggest profit on record. Some of the top banks in the country are about to pay at least 40% of that windfall out to employees.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.