Business as usual

  Grey Goo 14:08 14 Oct 2009
Locked

In fact better than usual
click here

  GANDALF <|:-)> 14:18 14 Oct 2009

Ahhhh, back to the good old days. Glad to see that the banks fear the crushing smack of Darling.

G

  jakimo 14:24 14 Oct 2009

So much for Obama promising to restrict American banks paying out large bonus payouts

  Clapton is God 14:28 14 Oct 2009

People seem to have overlooked the fact that Goldman Sachs is a US bank with an office in the UK.

Thus, the way they choose to run their business is, essentially, nothing to do with Darling.

They are ultimately answerable to the US authorities.

As long as the UK office also abides by the Bank of England's rules that's fine.

If it ever became necessary to bail them out, a la RBS, that bail out would be done by the US authorities, not the UK authorities.

If they can afford to pay these bonuses, so be it.

Or are people simply jealous?

  spuds 17:04 14 Oct 2009

It isn't just Goldman Sachs in the news, I notice that certain Coutt's overseas staff are resigning, so that they can join a competitor offering more 'incentives'.

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