Citigroup and Merrill Lynch, which lost $55bn in 2008, between them paid 1,400 employees bonuses of $1m or more each, according to a New York state report. The study, compiled by Andrew Cuomo, New York attorney-general, showed that JPMorgan Chase and Goldman Sachs, which both reported profits last year, paid the most million-dollar bonuses – 1,626 and 953, respectively. But Citi, which suffered a $27.7bn loss, paid million-dollar bonuses to 738 employees, while Merrill, which lost $27.6bn, paid 696 bonuses of $1m or more.

This entry was posted by Gwen Robinson on Friday, July 31st, 2009 at 4:59 and is filed under Capital markets, People. Tagged with citi, goldman sachs, jpmorgan, merrill lynch. Edit this entry.