No bumper bonuses yet

NEW YORK - Goldman Sachs's hefty compensation revealed in its second-quarter results does not herald the return of bumper bonuses, according to market sources.

The US bank set aside company-wide compensation and benefits, which includes salaries as well as estimated year-end bonuses, to the tune of $6.7 billion in its Q2 results last week (see page 1). This is up from $4.5 billion in Q2 2008, although higher revenues this year of $13.8 billion mean the compensation/net revenue ratio remains at

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