The probe grew out of a standard Fed review of the business in 2021 and intensified into an investigation last year.
Shares of the investment bank were down nearly 3%.
The central bank is concerned the Wall Street giant did not have proper monitoring and control systems insideThe probe, which grew out of a standard Fed review of the business in 2021 and intensified into an investigation last year, is also examining instances of customer harm and whether they were properly resolved, the report added.
“The Federal Reserve is our primary federal bank regulator and we do not comment on the accuracy or inaccuracy of matters relating to discussions with them,” a Goldman spokesperson told Reuters.REUTERS
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