Federal prosecutors are preparing criminal charges in a case of leaked information passing from the New York Fed to a former employee of the regulator then working at a major bank. Under a tentative deal first reported in The New York Times, Goldman Sachs would pay a $50 million fine, be banned from a certain type of bank consulting for three years and face additional restrictions regarding how it handles sensitive regulatory information. Former Fed employee assigned task to work with bank he once regulated, while supervisor claims no knowledge regarding leaked information Rohit Bansal first worked at the New…
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- Former Fed employee assigned task to work with bank he once regulated, while supervisor claims no knowledge regarding leaked information
- After recusing himself from working with the bank, supervisors said to pressure junior Goldman banker to work with client
- Goldman's offer fails to match the regulator's bid on a fine, as Bansal being shunned from banking industry
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