Goldman’s credibility in tatters – now will HMG stop using them?

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Goldman Sachs are to be fined £20m by the  UK’s Financial Services Authority  for their failure to disclose to the FSA that they were being investigated for fraud in the US, for which they have no settled  $550m.

That’s the kind interpretation. I have to say that: I just don’t think people forget to mention such things.

And yet still this bank is treated as credible by our government. Why? When will they be put on HM Government's “stop list”?

And why have they still got a banking licence? After all, is someone that careless on such an issue really a fit and proper purpose to be trusted with a banking licence? I doubt it.

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