Finance
Goldman Plans Hiring Spree to Fix Lapses After Increased Fed Scrutiny
- Wall Street firm is enlisting several hundred new staffers
- CEO privately points to tougher regulatory climate for banks
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A fresh bout of US regulatory scrutiny is setting off a hiring spree at Goldman Sachs Group Inc. as the company’s leaders seek to remediate issues raised by banking supervisors.
The Wall Street firm is enlisting several hundred new staffers to help address concerns from authorities including the Federal Reserve, according to people with knowledge of the matter, who asked not to be named discussing confidential plans. The back-office hiring binge comes even as the firm cuts executives from money-making ranks amid a slump in business.