Market Chatter: Goldman Sachs Bans Securities Division From Multilateral Chatrooms, Report Says

By
A A A

Goldman Sachs Group Inc. ( GS ) is the latest international investment bank to ban its staff from using multilateral online chatrooms, in the wake of similar moves by J.P. Morgan Chase & Co. ( JPM ) and Deutsche Bank ( DB ), according to a Reuters report citing a source familiar with the matter.

The stock gained 0.1%, or $0.24, to $175, trading within a 52-week range of $124.57 - $175.80.

The move comes amid a global investigation into allegations of manipulation of the currency market, although the Reuters report said Goldman's move extends beyond foreign exchange to its entire securities division, which includes equities, commodities and fixed income.


Goldman is still permitting bilateral communications via chat functions, according to the Reuters source.

GS was up $0.2 at $174.81 recently, trading near its 52-week high of $175.80. The stock has had a strong 2013, up 37% for the year to date.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: DB , GS , JPM

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Don't Pay Up to Play REITs
Don't Pay Up to Play REITs          

Stocks

Referenced

64%
60%
73%

Most Active by Volume

53,917,624
  • $94.22 ▼ 13.12%
36,880,353
  • $7.1447 ▲ 5.53%
33,988,465
  • $15.74 ▲ 10.77%
32,584,390
  • $7.47 ▲ 5.06%
30,881,241
  • $17.685 ▲ 0.37%
27,586,978
  • $104.42 ▲ 0.10%
27,065,782
  • $4.215 ▲ 1.32%
25,921,734
  • $112.505 ▲ 0.65%
As of 12/22/2014, 02:51 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com