Goldman Sachs is planning to dole out fat bonuses to its star bankers, according to a report despite tanking profits at the bank and reports that this year will be a clunker for end-of-year payouts across Wall Street.
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Shielded by privacy and exclusivity, the offices of America’s most top 1% families, as ranked by wealth, historically barred any financial or investment disclosures. But recently, this trend has shifted dramatically, as a number of family offices have begun allowing their army of investment professionals to be hired by the next generation of ultrawealthy in Los Angeles.