Goldman Sachs Hikes Pay for City Bankers to $764,000 as Dealmaking Jumps

The US bank saw ‘significantly higher’ compensation costs in 2024 for its London-headquartered bank.

Investment banks have rewarded their dealmakers as fees bounced back after two years of slumping revenue. Wall Street banks increased bonuses by up to 35% for 2024, with debt underwriters receiving the biggest boost, according to compensation consultants Johnson Associates.

Financial News / March 24, 2025