Goldman, JPMorgan award bumper bonuses to top bankers

Goldman Sachs increased its annual bonus pool for top-performing investment bankers by 40% to 50%, people with direct knowledge of the matter said. (File pic shows Goldman Sach's in New York - Reuters)

NEW YORK: Goldman Sachs and JPMorgan Chase, Wall Street's premier investment banks, this week informed staff of bumper bonuses for 2021, following a record-breaking year for Wall Street dealmaking.

Goldman Sachs increased its annual bonus pool for top-performing investment bankers by 40% to 50%, people with direct knowledge of the matter said.