Bloomberg The European Central Bank (ECB) will scrutinise banker bonuses after finding that compensation structures at many lenders don’t take sufficient account of risk. The indicators used by banks to set bonuses aren’t always clear and “in many instances” rely too much on financial performance instead of risk, controls or cultural and behavioral aspects, the ECB said in a newsletter ...

  Bloomberg Goldman Sachs Group Inc expects to put a tighter leash on hiring this year after embarking on one of the firm’s biggest rounds of job cuts ever, Chief Executive Officer David Solomon said. “We have a much tighter hiring plan in 2023,” Solomon said at a Credit Suisse Group AG conference. “We’re very focused on expenses.” Goldman last ...

  Bloomberg Japanese Prime Minister Fumio Kishida said it would be important for the Bank of Japan (BOJ) to make appropriate decisions on monetary policy as markets change rapidly, indicating his desire for flexibility under the new governorship. Kishida was responding to questions in a parliamentary committee about his nominee for BOJ governor, Kazuo Ueda, and the future of Japan’s ...