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Bank's earnings smash forecasts

The world's top investment bank has maintained its status as Wall Street's darling.

Goldman Sachs cruised past forecasts to post net earnings of $2.26bn (£1.5bn), a 7% rise, and set aside $4.34bn (£2.85bn) to pay its bankers during the first three months of 2013, making the average pay for its 32,000 staff some $135,625 (£88,942).

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