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


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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.

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This article appears in: Investing , Commodities
More Headlines for: DB , GS , JPM

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