Goldman Sachs chief's bonus rises to £10m

Goldman Sachs’ London chief, Michael Sherwood, received the bank’s biggest share bonus this year (GLENN COPUS)

Goldman Sachs' London chief received the bank's biggest share bonus this year. Michael Sherwood had his bonus package doubled to nearly £10m, placing him above even the company's overall chief executive Lloyd Blankfein.

Mr Sherwood, already believed to be Britain's best-paid banker, will be given 109,461 shares. The Tottenham Hotspur fan has previously been touted as a successor to Mr Blankfein. Apart from a two-week period in 1994, Mr Sherwood – or "Woody" to his friends – has been at Goldman Sachs his whole career.