Tag Archives: ECB fines Goldman Sachs €6.6m for reporting breach

BERLIN: The European Central Bank (ECB) has fined US financial giant Goldman Sachs € 6.63 million euros ($7.2 million) for misreporting its capital needs, it said on Monday. Goldman Sachs Bank Europe was found to have “breached credit risk reporting rules” in 2019, 2020 and 2021, the ECB said in a statement. “For eight consecutive quarters, the bank reported lower …

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