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Public must learn to 'tolerate the inequality' of bonuses, says Goldman Sachs vice-chairman

Bankers' soaring pay is an investment in the economy, Lord Griffiths tells public meeting on City morality

By Kathryn Hopkins

One of the City's leading figures has suggested that inequality created by bankers' huge salaries is a price worth paying for greater prosperity.

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Source: guardian.co.uk



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"the nation's premier investment bank never told buyers that it was secretly betting that U.S. housing prices would drop"...