GS Jun 2024 500.000 call
- Yahoo Finance
Whether Wall Street garden leaves survive noncompete ban is an 'open question'
Some 'garden leave' agreements that Wall Street uses to protect secrets are expected to survive the FTC's new noncompete ban, but some probably won't.
- Reuters
Goldman Sachs scraps EU-era bonus cap for top bankers in UK, source says
The cap sprung from a 2014 move by the EU, which the UK exited six years later, to try to deter bankers from the kind of excessive risk-taking that was blamed for the global financial crisis of 2008. It limited bonuses to twice the basic pay if shareholders approved. Goldman's move would help it change the way it compensates its "material risk takers", a class of employees whose performance can have a big impact on the bank, the source said, requesting anonymity as the details are confidential.
- The Telegraph
Goldman Sachs scraps bonus cap after post-Brexit rule change
Goldman Sachs has scrapped the bonus cap for top-performing London bankers in a move that it claims will make the UK more attractive to star traders and dealmakers.
