Wall Street Banks Settle SEC's WhatsApp Probe for $1.1 Billion
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Banking giants including Goldman Sachs Group Inc. and Citigroup Inc. agreed to pay regulators $1.1 billion in penalties for failing to monitor employees using unauthorized messaging apps.
The banks, along with Bank of America Corp. and Morgan Stanley, are among the 16 financial firms that reached agreements with the Securities and Exchange Commission, the regulator said in a statement Tuesday.