Goldman’s Compliance Staff Is Reviewing Venezuela Trade
- Firm’s lawyers said to examine how to improve the process
- Deal sparked wave of protests, calls for probe by lawmakers
Demonstrators hold signs and Venezuelan flags during a protest outside of the Goldman Sachs Group Inc. headquarters in New York, on May 30, 2017.
Photographer: Alexander F. Yuan/BloombergThis article is for subscribers only.
Goldman Sachs Group Inc.’s compliance and legal staff are reviewing the purchase of $2.8 billion in discounted Venezuela bonds after the deal sparked protests and calls for a legislative probe, according to a person with knowledge of the matter.
The review is focusing on how the process can be improved, the person said, asking not to be identified because the decision hasn’t been announced publicly.