Goldman Sachs chief executive David Solomon said that the job market for bankers is "surprisingly tight" and that the bank is straddling the need to manage expenses with retaining talent.

The US banking giant's boss said that the "competition for talent, particularly top talent, is as strong as ever", during Goldman's US financial services conference on 6 December. "We will continue to balance a pay-for-performance mindset, with a focus on talent retention at this time," Solomon added.