Goldman Sachs Reportedly To Dismiss 20 Analysts For Cheating On Tests

(RTTNews) - Goldman Sachs Group Inc. (GS) is dismissing about 20 analysts globally in offices including London and New York after discovering they had breached rules on internal training tests, Bloomberg reported citing people familiar with the matter.

The analysts, who had been working in the investment bank's securities division, have either already been dismissed or are in the process of leaving the bank, said the people.

According to the report, Bankers throughout Wall Street often assist each other on basic training and compliance tests because these are seen as time consuming and repetitive.