August 17, 2017
A black banker in Goldman Sachs Group Inc’s (GS.N) personal wealth management unit filed a lawsuit on Wednesday accusing the firm of steering top clients to her white colleagues and denying her promotions because of her race.
Rebecca Allen in the lawsuit filed in federal court in Manhattan said Goldman’s virtually all-white senior leadership team favors white bankers for promotions and lucrative accounts, so they earn more than black coworkers.
“Simply put, Goldman Sachs does virtually nothing to hire, promote or develop black talent, instead focusing its efforts on retaining and promoting white employees to positions of leadership,” Allen said in the complaint.
Goldman in a statement said the claims were meritless.
This article was posted: Thursday, August 17, 2017 at 4:47 am