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Goldman Staff In Bonus Dark As Regulator Said To Block Payouts

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Reuters says that there are press reports circulating to the effect that Goldman Sachs has had to delay telling employees their bonus numbers. Bonus announcements are said to have been originally planned for Monday, but they are now thought to have been pushed back, and staff may not now be told until the end of the month.

Ouch! - That Bonus Cut Hurt!!

The Financial Times reports that Credit Suisse has told 400 UK-based Managing Directors that it is cutting their planned bonus payouts by up to a third in order to take into account the UK bank payroll tax. The firm is also said to have cut the global bonus pool by 5%.

Merrill Lynch Buyout Chatter Increases

The Business Insider reports that speculation is mounting that several unnamed 'senior financial executives' are looking at the possibility of mounting a bid to buy Merrill Lynch back from Bank of America.

Reforms Could Mean Death Of Wall Street

President Obama continued his campaign to destroy Wall Street Thursday, issuing a statement which confirmed he will be moving forward to limit the size of banks and the scale of the risks they undertake.