A former Goldman Sachs Group Inc. banker admitted violating one of the golden rules meant to protect the confidentiality of the Federal Reserve’s supervisory work from prying eyes at Wall Street banks.
Rohit Bansal pleaded guilty Thursday to a misdemeanor charge tied to stolen Fed documents that included information from the regulator about a mid-size New York bank his group was advising. Jason Gross, a former employee at the Federal Reserve Bank of New York, pleaded guilty Wednesday to passing him the secret information.
Goldman Sachs got the nickname “Government Sachs” because of the number of executives who moved into public posts, including former Chief Executive Officer Robert Rubin, who was treasury secretary under President Bill Clinton, Bank of England Governor Mark Carney and Federal Reserve Bank of New York President William Dudley.
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