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Goldman Sachs Top Lawyer Resigns After Epstein Revelations

WSJ.com: US Business •
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Kathryn Ruemmler is stepping down as Goldman Sachs’s top lawyer following the release of documents showing her close ties to Jeffrey Epstein through his 2019 arrest. The bank had previously defended Ruemmler despite mounting scrutiny over her relationship with the convicted sex offender. The resignation marks a dramatic reversal for Goldman Sachs, which had stood by Ruemmler even as Epstein-related controversies swirled around the firm.

Ruemmler served as White House counsel under President Obama before joining Goldman Sachs in 2017. Her departure comes amid renewed focus on Epstein’s connections to powerful figures in finance and politics. The documents revealed extensive communication between Ruemmler and Epstein, raising questions about her judgment and the bank’s vetting processes. Goldman Sachs has faced multiple investigations related to its dealings with Epstein, including allegations that the firm helped facilitate some of his financial activities.

The move signals Goldman Sachs’s attempt to distance itself from the Epstein scandal as it faces ongoing regulatory scrutiny. While the bank had initially supported Ruemmler, the latest revelations appear to have forced a change in strategy. The timing suggests Goldman Sachs is seeking to contain potential reputational damage as it navigates multiple legal challenges related to its Epstein connections.