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The News: Goldman's Quarterly Compensation Pegged At $5.3 Billion

In what may be an unfortunate bit of timing - at least as far as the public relations staff is concerned - over the weekend came word that analysts expect Goldman Sachs to accrue some $5.3 billion in salaries and bonuses for a quarter's work. That comes out to about $168,000 per head, though some traders are going to see a lot more than that. London's Sunday Times says the predicted payout is in line with 2007's.

Goldman Sachs Set to Pay 3.5bn in Bonuses [The Times]

Goldman Sachs's New Palace Creates Princes, Serfs [WSJ]

SEC Probes Other Soured Deals [WSJ]

In UK, 'Hippocratic oath' for bank workers meets with scepticism [The Guardian]

After 2 Years, Citi Returns to Profit [NY Times]

In Shift, Kelly to Chair Citi's Global Banking [Dealbook]

Advisers once again open doors to interns [InvestmentNews]

Investment Banking in Saudi Arabia: The Hottest and Most Overlooked Emerging Market in the World? [Mergers & Inquisitions]

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AUTHORMark Feffer Insider Comment

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The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

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The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.