Goldman Sacks after analysts said cheated on tests

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'This conduct was not just a clear violation of the rules, but completely inconsistent with the values we foster at the firm'.

Bloomberg News reports that Goldman Sachs is dismissing about 20 analysts globally in offices including London and New York after discovering they had breached rules on internal training tests, said people familiar with the matter.

The employees, who had been working in the investment bank’s securities division, have either already been dismissed or are in the process of leaving the bank, said the people, who asked not to be identified as the matter is private. 

'This conduct was not just a clear violation of the rules, but completely inconsistent with the values we foster at the firm', said Sebastian Howell, a Goldman Sachs spokesman in London, who said he couldn’t comment further.

Goldman Sachs is among the most selective employers on Wall Street. Last year, the bank hired just 3 percent of 267,000 applicants.

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