Goldman Sachs airs risk laundry, publishes report on operations review

Goldman Sachs report airs dirty risk laundry

Lloyd Blankfein, CEO of Goldman Sachs, set up the bank's business standards committee in 2010

In an apparent attempt to clean up its image and rebuild its reputation post-crisis, Goldman Sachs in January published the results of a review of its operations in a report issued by its business standards committee.

The committee was established by Lloyd Blankfein, chairman and chief executive of the investment bank, at its annual general meeting in May 2010, with the brief to conduct an extensive, eight-month review of the bank’s business standards and practices. The report makes 39