Goldman plans hiring spree to fix lapses after increased Fed scrutiny – Bloomberg

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The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/file photo Acquire Licensing Rights

Aug 17 (Reuters) – A fresh bout of U.S. regulatory scrutiny is setting off a hiring spree at Goldman Sachs (GS.N), Bloomberg News reported on Thursday, citing people with knowledge of the matter.

The Wall Street bank is enlisting several hundred new staffers to help address concerns from authorities including the Federal Reserve, according to the report.

“We are not permitted to comment on any supervisory matters related to our regulators. Therefore we are not able to comment on these reports,” Goldman Sachs said in a statement.

A spokesperson for the Federal Reserve declined to comment on the matter.

Reporting by Manya Saini in Bengaluru; Editing by Anil D’Silva

Our Standards: The Thomson Reuters Trust Principles.

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