According to the New York Times, Goldman Sachs has offered to lend money to more than 1,000 staff that have been personally hit by the credit crisis.
The e-mail to employees stated that the loans could range from a few thousand dollars to hundreds of thousands.
Many in Goldman had money invested in the company’s elite investment funds, some of which fell over 50% in 2008. However many are contractually obliged to make payments into these in-house funds, and a capital call is lined up this April.
With many unable to meet this call due to smaller bonuses, they may be forced to take the loan offer or face redundancy.