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Pacifying the public at Goldman Sachs

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Pacifying the public at Goldman Sachs

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The most profitable investment bank in the history of Wall Street, Goldman Sachs, has given more than 350-million euros to charity, and put nothing into the bonus pot for its staff.

The news came with the announcement that fourth quarter net income was nearly five billion dollars – or three and a half billion euros.

The gesture has helped deflect some public anger that fat-cat bankers are being handsomely rewarded so soon after taxpayers bailed them out.