Goldman Sachs Group, Inc. (NYSE: GS) has reportedly dismissed multiple employees from its budding corporate cash management division due to severe violations of its communications guidelines.
Four workers were terminated, including the Bank's partner Hari Moorthy, the global head of transaction banking, the Financial Times reported, citing statements from a person familiar with the matter.
Earlier, banking institutions have paid fines for unapproved messaging apps such as WhatsApp to conduct company business, Financial Times said.
In a memo sent to Goldman employees, the company stated, "The firm terminated the employment ...