The chief executives of Goldman Sachs Group, JPMorgan Chase & Co. and Morgan Stanley Monday took part in a brief meeting on executive compensation at the New York Federal Reserve, CNBC reported.
Goldman's Lloyd Blankfein, JPMorgan's Jamie Dimon and Morgan Stanley's John Mack met with New York Fed officials for less than a half-hour.
During the meeting, N.Y. Fed President William Dudley told the CEOs that the Fed is focused on figuring out ways to compensate risk-takers at banks and that banks should be disciplined about compensation at the moment, according to CNBC.
The Federal Reserve had asked that the heads of the 28 largest banks in the U.S. report to their regional Fed branches for meetings on recently issued executive compensation guidelines.
