Goldman Sachs Fires Executives for Policy Violations in Transaction Banking Unit

Goldman Sachs fired several executives in its transaction banking unit for violating the firm's communications policy.
The fired executives failed to cooperate with Goldman's compliance department and used unapproved communications channels.
Hari Moorthy, the head of transaction banking, was among those who departed Goldman.
Philip Berlinski will take over day-to-day management of transaction banking.
Goldman remains committed to the transaction banking business despite the departures.

reuters.com

Relevant topic timeline:

9/22/2023

Goldman Sachs to Pay $6 Million Penalty for Providing Deficient Trade Data to SEC Over 10 Years

Goldman Sachs has agreed to pay a $6 million penalty for failing to provide complete and accurate securities trading information to the Securities and Exchange Commission (SEC) over a period of ten years, resulting in deficient blue sheet submissions containing missing or inaccurate trade data for at least 163 million transactions.