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Goldman Sachs is on course to pay its top City bankers multimillion-pound bonuses - despite asking the U.S. government for an emergency bail-out.

The struggling Wall Street bank has set aside £7billion for salaries and 2008 year-end bonuses, it emerged yesterday.

Each of the firm's 443 partners is on course to pocket an average Christmas bonus of more than £3million.

The size of the pay pool comfortably dwarfs the £6.1billion lifeline which the U.S. government is throwing to Goldman as part of its £430billion bail-out.

As Washington pours money into the bank, the cash will immediately be channelled to Goldman's already well-heeled employees.

News of the firm's largesse will revive the anger over the 'rewards for failure' culture endemic in the world of high finance.

The same bankers who have brought the global economy to its knees seem to pocketing the same kind of rewards they got during the boom years.

Gordon Brown has vowed to crack down on the culture of greed in the City as part of his £500billion bail-out of the UK banking industry.

But that won't affect the estimated 100 London partners working at Goldman Sachs's London headquarters.

The firm - known as Golden Sacks for the bumper bonuses it pay its top bankers - is expected to cut the payouts by a third this year. However, profits are

falling much faster. Earnings have plunged 47 per cent so far this year amid the worst financial crisis since the Great Depression.

This has wiped more than 50 per cent off the company's market value.

Kohl admits to failed doping test - This year's Tour de France 'King of the Mountains' Bernhard Kohl, who finished third overall, admits to taking a banned substance. [bbc cycling]

Armstrong defends his Tour record - Lance Armstrong hits back at Tour de France organisers who claim the seven-time Tour champion's return to cycling is "embarrassing". [bbc cycling]

Tour rider Fofonov tests positive - Dmitriy Fofonov tests positive for a banned stimulant, according to the French Anti-Doping Agency (AFLD). [bbc cycling]

Tour 'winning war against doping' - Tour de France organisers say failed tests proves that cycling is winning the battle against doping. [bbc cycling]

Spaniard Beltran tests positive - Spain's Manuel Beltran tests positive for the banned blood booster EPO at the Tour de France. [bbc cycling]