Bumper pay for banks

SOME of the world’s biggest banks are set for a bumper payday if the £5bn float of Aston Martin goes ahead.

German lender Deutsche Bank and US firms JP Morgan and Goldman Sachs will lead the listing.

HSBC, Credit Suisse, Bank of America Merrill Lynch and Italy’s Unicredit will also be involved. No details of fees have yet been announced, but they are likely to run into tens of millions of pounds, meaning a bonanza for bankers.

They include Anthony Gutman, joint head of Goldman’s UK investment bank, who has worked on blockbuster floats.