Goldman Axed Top Banking Executive Amid Communication Violation Scandal: Report
Portfolio Pulse from Nabaparna Bhattacharya
Goldman Sachs Group, Inc. (GS) has dismissed several employees, including Hari Moorthy, the global head of transaction banking, due to severe violations of its communications guidelines. This follows scrutiny from U.S. banking regulators over the company's partnerships with fintech companies and issues regarding compliance and risk. The daily supervision of transaction banking will now be under the guidance of Philip Berlinski, Akila Raman, and Luc Teboul.
September 14, 2023 | 11:45 am
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Goldman Sachs has dismissed several employees due to severe violations of its communications guidelines. This could potentially impact the company's reputation and operations.
The dismissal of several employees, including a top executive, due to violations of communication guidelines could potentially harm Goldman Sachs' reputation. This could lead to a loss of confidence among investors and clients, potentially impacting the company's stock price in the short term.
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