Regulators say the "confidential supervisory information" obtained by Goldman included reports of bank examinations used by regulators. "We have no tolerance for the improper handling of confidential supervisory information." Goldman employees improperly used and disclosed the confidential information during presentations to clients and prospective clients in an attempt to get their business, they said. "As Mr. Jiampietro has said from the start, he never requested confidential supervisory information from anyone, and never used it for his or anyone's benefit," Ford said in a statement. Goldman fired Bansal in 2014 and the Fed permanently banned him from the banking industry last year.

Source: ABC News August 03, 2016 17:17 UTC