Fed prepares action against Goldman over NY Fed leak: NYT

The U.S. Federal Reserve is preparing an enforcement action against Goldman Sachs Group Inc related to a leak of confidential government information to one of its employees, the New York Times reported on Monday.

The action will include a penalty of less than $50 million, the Times said, citing people briefed on the matter.

The Fed is also considering taking action against a former Goldman executive who had access to the leaked material, according to the Times, which did not name the former executive.

The Fed penalty would come two years after revelations that an employee at the New York Fed, Jason Gross, had leaked sensitive information to a Goldman banker named Rohit Bansal. Gross and Bansal pleaded guilty to theft of government property in November.

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