A friendly chat at a party may lead to a dismissal, especially if a Federal Reserve employee and Goldman Sachs banker are involved and the theme is largest banks’ ratings. At his birthday party, Jason Gross, now a former worker at the Federal Reserve Bank of New York, unveiled what rating would be given to some US bank to his friend Rohit Bansal who still worked at Goldman Sachs back then. Bansal emailed this information to his boss. Email is not the safest way to send such important data, so the leak was detected and the three men, including Bansal’s boss, were fired. Goldman Sachs had to pay a fine of $50 million and faced a series of restrictions on consulting services in New York. Goldman Sachs was established in 1869, its headquarters is located in Wall Street, New York. The company’s capitalization makes up $82.2 billion. Being one of the world’s largest financial corporations managing investments, stock trading and assets, the banking firm is conscious of its reliability. On November 4, Jason Gross was pleaded guilty to leaking the confidential information, while Rohit Bansal is only to appear for a plea hearing on November 5.
