Goldman Sachs fires transaction banking head Hari Moorthy, Bloomberg reports

Goldman Sachs has fired executives in its transaction banking business, including the head of the unit Hari Moorthy, over compliance violations, Bloomberg’s Sridhar Natarajan reports, citing a person with direct knowledge of the matter. The company told staff in a memo that it let go several leaders of the unit who communicated on unauthorized channels and didn’t comply with an internal examination, the author says.