Market News
NEW YORK, Sept 13 - Goldman Sachs fired several executives in its transaction banking unit after they violated the firm's communications policy, according to a memo seen by Reuters on Wednesday.
Hari Moorthy, the head of transaction banking, was among the people who departed, the person said. He is no longer listed as a registered broker on industry regulator FINRA's website."We are not going to comment on individual disciplinary matters," the company said in an email."We take our communications policy seriously, and we expect all of our personnel to comply with it.
U.S. regulators have so far fined dozens of Wall Street firms collectively more than $2 billion for failing to keep tabs on employees' use of"off-channel" communications including text messages and WhatsApp.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UBS Gets a Street-High Price Target From Goldman Sachs AnalystsUBS Group AG shares have scope to extend their recent outperformance, according to Goldman Sachs Group Inc. analysts, who on Wednesday raised their price target for the Swiss lender to a Street-high.
Read more »
Goldman Sachs Asset Management hires managing directors(Reuters) - Goldman Sachs Asset Management has appointed Anupam Damani and Lindsay Rosner as managing directors to its fixed income and liquidity ...
Read more »
Exclusive-Goldman Sachs terminated several executives in transaction banking -memoNEW YORK (Reuters) - Goldman Sachs has fired several executives in its transaction banking business following violation of the firm's communications ...
Read more »
Goldman Sachs Dismisses Transaction Banking Chief Hari MoorthyGoldman Sachs Group Inc. fired transaction banking executives including the head of the business, Hari Moorthy, over compliance lapses, according to a person with direct knowledge of the matter.
Read more »
Stock futures dip in countdown to key CPI data: Stock market news todayAugust's Consumer Price Index inflation report is a key data point for the Fed when it decides on rates policy next week.
Read more »
Stock futures stumble as CPI data comes in hot: Stock market news todayAugust's Consumer Price Index inflation report is a key data point for the Fed when it decides on rates policy next week.
Read more »