Goldman Sachs Group Inc. awarded Chief Executive Officer Lloyd C. Blankfein $24 million in salary and cash and stock bonuses for 2014, according to a person familiar with the matter.
Morgan Stanley’s chief executive, James Gorman, is receiving a $4.4 million stock bonus for 2014 in addition to his $1.5 million salary. . .
The European Banking Authority (EBA) published today its impact assessment report for liquidity coverage requirements. Overall, this analysis points to improvements of EU banks’ compliance with Liquidity Coverage Ratio (LCR) requirements and shows that the implementation of the LCR is not likely to have a negative impact on the stability of financial markets and of the supply of bank lending. The report is based on liquidity data provided by 322 European banks, covering about 2/3 of total banking assets in the EU, and it will inform EU policies aimed at strengthening the resilience of EU banks . . .
The Basel Committee on Banking Supervision today issued a second progress report on banks’ adoption of the Committee’sPrinciples for effective risk data aggregation and risk reporting. Published in 2013, the Principles aim to strengthen risk data aggregation and risk reporting at banks to improve their risk management practices and decision-making processes. Firms designated as global systemically important banks (G-SIBs) are required to implement the Principles in full by 2016. . .
he portion of revenue Goldman Sachs Group Inc. set aside last year to pay employees was the second-lowest since it became a public company, as the bank grapples with a trading slump.