The Fed is also considering action against a former Goldman Sachs executive who worked with the banker that received the leaked information, the newspaper said, adding the agreement could be announced in coming weeks.
The penalty is expected to be less than the $50m Goldman Sachs paid to the New York Department of Financial Services last year in a separate settlement, according to the Times. Jason Gross, a former Fed staff member, admitted in 2015 that he passed documents, including information about a midsize New York bank to Rohit Bansal, a Goldman Sachs banker. Bansal, who previously worked with Gross at the Fed, pleaded guilty last year to a misdemeanor in connection with the leak.
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