The Federal Reserve fined Goldman Sachs $36.3 million on Wednesday for leaking confidential information from the central bank.
Fed officials are also going after a former managing director at Goldman, Joseph Jiampietro, seeking to permanently bar him from the banking industry after his team allegedly leaked Fed documents to clients and prospective clients.
The Fed also prohibits Goldman (GS) from rehiring Jiampietro or anyone else involved in the leak as an employee, consultant or contractor.
The case illustrated the "revolving door" between the Fed and the Wall Street banks it regulates. It started when a former New York Fed employee, Rohit Bansal, went to work at Goldman Sachs in 2014. He was assigned to advise a bank he used to regulate at the New York Fed. Soon after joining Goldman, Bansal started to receive leaked information about the bank from a former Fed colleague, Jason Gross.
Fed officials are also going after a former managing director at Goldman, Joseph Jiampietro, seeking to permanently bar him from the banking industry after his team allegedly leaked Fed documents to clients and prospective clients.
The Fed also prohibits Goldman (GS) from rehiring Jiampietro or anyone else involved in the leak as an employee, consultant or contractor.
The case illustrated the "revolving door" between the Fed and the Wall Street banks it regulates. It started when a former New York Fed employee, Rohit Bansal, went to work at Goldman Sachs in 2014. He was assigned to advise a bank he used to regulate at the New York Fed. Soon after joining Goldman, Bansal started to receive leaked information about the bank from a former Fed colleague, Jason Gross.
ليست هناك تعليقات:
إرسال تعليق