Investment Banking

Goldman Sachs pays $36.3m to settle Fed-leak allegations

Federal Reserve unveils new allegations that former Goldman executive had run a long campaign to obtain regulatory secrets

Goldman Sachs pays $36.3m to settle Fed-leak allegations
Photo: FN Montage

Goldman Sachs has agreed to pay $36.3 million to settle allegations it misused confidential regulatory materials leaked from the Federal Reserve, the latest twist in a lengthy investigation.

The Fed unveiled the civil settlement Wednesday and brought new allegations that an executive at the bank had run a long campaign to obtain regulatory secrets and make use of them inside the bank from 2012 to September 2014, well before the leak that sparked the investigation occurred.

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