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London, England · LondonCity minister Bim Afolami tells FN Leadership Roundtable private equity tax raid would cripple London. Labour's plans to hit buyout bosses with carried interest payments causing concern among firms, he says.Debate rages over how to tax carried interest on buyouts.See the Story
Private equity tax raid would cripple London, City minister Bim Afolami tells FN Leadership Roundtable
Goldman Sachs · LondonGoldman Sachs increased pay for its London-based employees to an average of $591,200 last year. The Wall Street bank hiked bonuses for dealmakers even as some rivals cut back. The bank edged up average payments as the overall compensation pot remained flat. For the latest on investment banking find FN's weekly newsletter here.See the Story
Goldman Sachs hikes London banker payouts to $591,000
What Deloitte’s overhaul means for the Big Four: ‘The job cuts are coming’
United Kingdom · United KingdomHSBC plans to add 200 dealmakers as rivals cut back. UK lender is in the next growth period for its investment banking business, said its chief executive of global banking and markets. The bank will look to add more investment bankers over two years as it enters its next growth period.See the Story