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Goldman Sachs Said to Ban Multibank Chats

Amid regulator probes into manipulation of benchmark interest rates and FX rates, Goldman Sachs has reportedly banned traders from using chat rooms with counterparts at more than one bank.

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Goldman Sachs Group Inc. followed competitors in banning traders from using chat rooms involving counterparts at more than one bank as regulators probe alleged currency rigging, said a person with knowledge of the matter.

Traders will still be allowed to communicate one-on-one with dealers at other firms to discuss business, said the person, who asked not to be identified because the decision hasn’t been made public. Fiona Laffan, a spokeswoman for the New York-based firm, declined to comment on the move.

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