U.S. Fed probes Goldman Sachs consumer business - WSJ

Shares of the investment bank were down nearly 3% at $341.08 in afternoon trade.

The probe, which grew out of a standard Fed review of the business in 2021 and intensified into an investigation last year, is also examining instances of customer harm and whether they were properly resolved, the report added. "Another investigation into the consumer business makes Goldman's foray into consumer look even worse, and can reduce management credibility, particularly given so many statements about GS' ability to manage risk and build best-in-class platforms," said Mike Mayo, banking analyst at Wells Fargo, in a note.

One branch of the fascist private-public-partnership government probes another branch of the fascist private-public-partnership government

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