gs doing well

Apparently the banking crisis is over - workers at Goldman Sachs are set to receive record bonuses of £430,000 ($700,000) each this year, totalling £12.2billion.

Goldman's profits jumped 20% to £1.8billion in the first quarter, a performance which puts it on track to pay out the record £430,000 to employees - nearly double last year's average of £363,000 and higher than 2007's record $661,000 prizes.

A Goldman spokesman said bonuses 'remain fundamentally tied to the firm's performance'.