Big bonuses back at Goldman Sachs

US bank Goldman Sachs has announced bumper profits for the past quarter, saying it has put aside $5.35bn for pay and bonuses over the period.

The firm was not hit as badly by the mortgage-related debt which helped cause the financial crisis as some of its competitors.

Its 31,000 employees now stand to earn an average of $172,581 for the three-month period.

Hugh Pym reports.