Ben Protess and Peter Eavis report:
A former Goldman Sachs banker suspected of taking confidential documents from a source inside the government has agreed to plead guilty, a rare criminal action on Wall Street, where Goldman itself is facing an array of regulatory penalties over the leak.
The banker and his source, who at the time of the leak was an employee at the Federal Reserve Bank of New York, one of Goldman’s regulators, will accept a plea deal from federal prosecutors that could send them to prison for up to a year, according to lawyers briefed on the matter who spoke on the condition of anonymity. The men, both fired after the leak, also may face lifetime bars from the banking industry.
Read more on The New York Times.