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Goldman Sachs In London: Massive Profits, Fat Bonuses.

Do you ever get the feeling that the class war is over, and their side won? Money for these guys - but massive conniptions over paying for national he

Do you ever get the feeling that the class war is over, and their side won? Money for these guys - but massive conniptions over paying for national health care?

Staff at Goldman Sachs staff can look forward to the biggest bonus payouts in the firm's 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the credit crunch will derail financial regulation reforms.

A lack of competition and a surge in revenues from trading foreign currency, bonds and fixed-income products has sent profits at Goldman Sachs soaring, according to insiders at the firm.

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Staff in London were briefed last week on the banking and securities company's prospects and told they could look forward to bumper bonuses.

Figures next month detailing the firm's second-quarter earnings are expected to show a further jump in profits. Warren Buffett, who bought $5bn of the company's shares in January, has already made a $1bn gain on his investment.

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