Goldman Sachs Eliminates Bonus Cap for UK Bankers

The move allows top performers to earn up to 25 times their base salary, aligning UK practices with global standards.

Goldman Sachs has removed the bonus cap for its UK-based bankers, previously limited to twice the base salary.
The decision follows the UK's post-Brexit regulatory changes, enabling more competitive compensation structures.
Other major banks like HSBC and Barclays are expected to implement similar changes soon.
The change is part of a broader effort to make London a more attractive financial hub compared to rivals like New York.
Critics argue the removal could lead to increased risk-taking, although it aims to align pay with performance.