Goldman adds compensation practices to list of matters receiving legal and/or regulatory scrutiny

Goldman Sachs added compensation practices to the list of matters receiving legal and regulatory scrutiny.

Bloomberg News reports that the firm’s annual 10-K regulatory filing, released Monday, describes matters in which the company has received regulatory or other governmental requests for information.

The filing adds to disclosure from the third-quarter report, when the bank said hiring practices were under review as related to compliance with the U.S. Foreign Corrupt Practices Act. Monday’s document includes a new reference to compensation, in a passage that combines pay with hiring in a separate line item.

In the meantime, Bloomberg also reports that Goldman Sachs said it was named in a lawsuit alleging dealers and brokers conspired to preclude exchange trading of interest-rate swaps.

The case was filed November 25 and is seeking class-action status, the firm said Monday in its annual regulatory filing. A complaint filed in New York federal court by Chicago’s public school teachers’ pension fund named Goldman Sachs as a defendant along with Citigroup, Bank of America and other major banks.

Goldman Sachs Adds Compensation Practices to List of Probes

Goldman Sachs Named in Lawsuit Alleging Swap-Trading Conspiracy

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts