- Junior bankers at Goldman Sachs (GS -0.1%) - where they are known to put in 100-hour work weeks - could see more than a 20% raise next year, reports the NYPost. The paper's source says no changes are planned for how much staff could make from bonuses.
- The move comes following Goldman's decision to begin giving analysts Saturdays off (if you don't come in on Saturday, don't even think about coming in on Sunday). Morgan Stanley last month reportedly boosted salaries for mid-level staff by up to 25%, and BofA has taken steps to make sure analysts and associates take at least four weekend days off per month.
at CNBC.com (Thu, 10:29AM)