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London traders due huge bonus cuts

London

Foreign-exchange traders in London are set for the biggest drop in bonuses among bank employees as regulators toughen scrutiny in the wake of scandals, according to a survey by Emolument.

Ex-Goldman trader loses $5m bonus claim

Lloyd Fonzie Blankfein

Former Goldman Sachs trader Deeb Salem struck out in his pursuit of almost $5 million in bonus money on top of $8.25 million he received in 2010 as a Manhattan judge upheld an arbitration panel’s decision favoring the bank.

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