CNBC Squawk Alley August 3, 2016
Impose a fine and permanantly bar him from the Banking Industry stemming from their unauthorized use and disclosure of confidential supervisory information. My understanding is its not revealed in any of the particular documents but its internal ratings of other banks. This was a rating of another bank. Allegedly used in pitch meetings with clients and potential clients so this information just coming off of embargo now. Well have to talk to them and see what their side of the story is but for now the news is Goldman Sachs reported to pay 36. 3 million civil penalty. Back to you. More from you...