A lack of competition and a surge in revenues from trading foreign currency, bonds and fixed-income products has sent profits at Goldman Sachs soaring, according to insiders at the firm.
Staff in London were briefed last week on the banking and securities company's prospects and told they could look forward to bumper bonuses if, as predicted, it completed its most profitable year ever....Warren Buffett, who bought $5bn of the company's shares in January, has already made a $1bn gain on his investment.
link: Goldman Sachs to make record bonus payout | Business | The Observer
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