Goldman Sachs Said to Ban Multibank Chats Amid Currency Probes
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Goldman Sachs Group Inc. followed competitors in banning traders from using chat rooms involving counterparts at more than one bank as regulators probe alleged currency-rigging, said a person with knowledge of the matter.
Traders will still be allowed to communicate one-on-one with dealers at other firms to discuss business, said the person, who asked not to be identified because the decision hasn’t been made public. Fiona Laffan, a spokeswoman for the New York-based firm, declined to comment on the move.