reported earlier in the day that the central bank has concerns that Goldman did not have proper safeguards in place at Marcus as the consumer lender's business grew.
CONCERNS OVER A ‘WHITE COLLAR RECESSION’ GROW AS GOLDMAN SACHS, MORGAN STANLEY, AMAZON AND OTHERS CUT JOBS Sources familiar told FOX Business that they are unsure of the seriousness of the Fed's probe but noted that the central bank regularly examines consumer bank compliance issues and that Fed officials are stationed inside every major bank for the purpose of monitoring such issues.
The Marriner S. Eccles Federal Reserve Board building is seen in Washington, DC. The central bank is investigating Goldman Sachs over the handling of its consumer business.
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