WASHINGTON—A senior Goldman Sachs Group Inc. executive left the firm after the Federal Reserve punished him for his role in a Malaysian corruption scandal that has tarnished Goldman’s reputation. The Fed on Tuesday said it had permanently barred Andrea Vella from the banking industry for his role in Goldman’s financing of a multibillion-dollar fraud involving 1Malaysia Development Bhd., a sovereign-wealth fund.

Source: Wall Street Journal February 04, 2020 17:13 UTC