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So, Who Is Lloyd C. Blankfein ?

Unless you work at Goldman Sachs, you probably don't know too much about Lloyd Blankfein, the man who, after current firm boss Hank Paulson is confirmed in as US Treasury Secretary, will run the Wall Street colossus. Here's a brief bio:

Bonuses - Minimum Increases Of 25% On Cards

Well, we're almost half way through the bonus year, and thoughts are already turning to how much more staff are going to get by way of bonus for their efforts in 2006. And the smart money says that increases of a minimum of 25% on last year are on the cards.

Other Here Is The City News In Brief

Dow Jones Newswires reported last week that Commerzbank has come out and confirmed that it is happy with its derivatives business. Rumours had been circulating that the business may have been in trouble.

Top Firm Miffed About Large Trading Loss Rumours

The Times reports that Barclays Bank is upset about the persistent rumours that investment banking arm Barclays Capital has sustained heavy trading losses. And Naguib Kheraj, the Group Finance Director, has confirmed that the bank is considering asking UK regulator The Financial Services Authority (FSA) to launch an investigation into the false rumours.