Former senior executive criticises 'decline in moral fibre' at Goldman Sachs

Goldman Sachs was subject to a devastating attack on the investment bank's "toxic and destructive" culture in a parting shot from a London executive today.

Goldman Sachs was subject to criticism of the investment bank's "toxic and destructive" culture in a parting shot from a London executive today.

Greg Smith, who is resigning from his role as head of Goldman's US equity derivatives business in Europe, the Middle East and Africa, warned the board of a "decline in the firm's moral fibre", in a public resignation letter released to the New York Times.