HeadlinesBriefing favicon HeadlinesBriefing.com

Goldman Sachs GC Called to Testify on Epstein

Wall Street Journal Markets •
×

The House Oversight Committee is demanding testimony from Goldman Sachs General Counsel Kathryn Ruemmler as part of its ongoing investigation into the firm's connections with Jeffrey Epstein. Committee Chair James Comer is sending a formal letter to Ruemmler on Tuesday requesting her appearance before lawmakers. The move signals escalating congressional scrutiny of Wall Street's dealings with the convicted sex offender.

This development follows years of questions about Goldman Sachs' relationship with Epstein, who had financial ties to multiple major banks before his 2019 arrest and subsequent death. The committee's investigation appears to be focusing on what executives knew about Epstein's criminal history and when they knew it. Ruemmler, who joined Goldman in 2020 after serving as White House Counsel under President Obama, would be the highest-ranking Goldman executive called to testify on this matter.

The testimony request adds to mounting pressure on major financial institutions to account for their past associations with Epstein. Goldman has previously faced questions about severance payments to an executive connected to Epstein and about due diligence failures. The committee's actions suggest lawmakers are determined to uncover whether senior bank officials overlooked red flags in their pursuit of Epstein's business.