The Bank of Russia has decided to revoke the license of a professional participant in the securities market, Goldman Sachs Bank LLC (owned by the American banking group Goldman Sachs), to carry out brokerage activities, according to a message on the regulator’s website.

The Bank of Russia has banned Goldman Sachs Bank from carrying out brokerage activities
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“Based on the application of Goldman Sachs Bank LLC, on August 27, 2024, the Bank of Russia decided to revoke the license of a professional participant in the securities market to carry out brokerage activities dated July 22, 2010,” the materials of the Central Bank of the Russian Federation say.

On August 6, Goldman Sachs Bank sent a statement to the Central Bank of the Russian Federation requesting to revoke the license of a professional participant in the securities market to carry out brokerage activities.

At the end of July, the arbitration court accepted the claim of Otkritie Bank against three structures of the American banking group Goldman Sachs. According to its decision, 179 million rubles were recovered. interest for the use of other people’s funds.

Author:

Nikolai Tikhonov

Source: RB

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