‘Twenty-five times salary’: Goldman scraps bonus cap for bankers

London | Goldman Sachs has scrapped the bonus cap for its British bankers in a move that will allow star traders and deal makers to earn up to 25 times their salary in performance-linked awards.

The Wall Street bank said its decision to bring back multimillion-dollar bonuses was driven by a desire to better manage costs and reward success. It said the change would help make the UK more attractive to star bankers.

The Telegraph London