Goldman Sachs fined £17.5m by City watchdog

Banking giant Goldman Sachs was fined £17.5m (€21m) by the UK’s Financial Services Authority today – the second biggest penalty ever issued by the City watchdog.

Banking giant Goldman Sachs was fined £17.5m (€21m) by the UK’s Financial Services Authority today – the second biggest penalty ever issued by the City watchdog.

The American investment group was punished for failing to tell the FSA that one of its traders was under investigation when he took up a job at the bank’s London office in 2008.

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