The failed US financial services
giant Goldman Sachs is looking at whether to move some of its
operations out of London, following the introduction of 50 per
cent bonus tax in Britain, says a media report.
Goldman Sachs Group Inc (GS.N) would be due a payment of about $1 billion if troubled commercial lender CIT Group (CIT.N) were to file for Chapter 11 bankruptcy, according to a source familiar with the matter.
At a time when
exorbitant executive compensation has ruffled many feathers
worldwide, Goldman Sachs Chief Lloyd Blankfein has said public
anger against such huge payouts is "understandable and
Goldman Sachs Investments and US-based Intercontinental Exchange (ICE) have sought approval from the commodity market regulator to sell some of their stakes in the National Commodity and Derivatives Exchange to a company.