Goldman, JPMorgan Said to Fire 30 Analysts for Cheating on Tests

Goldman Sachs Group Inc. is dismissing about 20 analysts globally in offices including London and New York after discovering they had breached rules on internal training tests, said people familiar with the matter.

The employees, who had been working in the investment bank’s securities division, have either already been dismissed or are in the process of leaving the bank, said the people, who asked not to be identified as the matter is private. The junior-banker title doesn’t refer to research analysts who recommend stocks to investors. JPMorgan Chase & Co., the biggest U.S. bank, fired 10 employees for similar offenses last month, a person briefed on the matter said Friday.