Goldman Sachs chief executive David Solomon hinted that the bank could soon give a pay boost to its junior bankers, saying the bank is a "pay for performance" organisation and that "we are performing".

The US bank has so far resisted hiking base salaries for its younger bankers, even as rivals Bank of America, Citigroup, JPMorgan and Barclays have all raised pay for juniors in recent weeks, amid a burnout crisis and talent crunch in the sector. $100,000 starting salaries for first year analysts have now become the norm, while pay has risen for analysts, associates and vice presidents in the sector.