Update: Goldman Sachs paid $12 million to settle claim over sexist culture: Bloomberg

Update: Goldman Sachs paid $12 million to settle claim over sexist culture: Bloomberg

Goldman Sachs Group Inc. GS, +0.86% has paid more than $12 million in a confidential settlement of a claim by a departed female partner about a toxic workplace for women at the investment bank, Bloomberg reported Tuesday. The complaint, as an example of the environment, alleged that Goldman CEO David Solomon once talked to male colleagues about receiving oral sex the night before, but Solomon was not the focus of the lawsuit. The comments cited in the complaint were alleged to have mostly taken place in 2018 and 2019. "Bloomberg's reporting contains factual errors, and we dispute this story," Kathy Ruemmler, general counsel at Goldman, said in an emailed statement to MarketWatch. "Anyone who works with David knows his respect for women, and his long record of creating an inclusive and supportive environment for women." Goldman reportedly declined to comment for Bloomberg on the report. The Bloomberg report said the confidential settlement ranks among the largest of its kind on Wall Street.

Frontier Airlines and five foreign carriers have agreed to refund more than $600 million combined to travelers whose trips were canceled or significantly delayed since the start of the pandemic, federal officials said Monday.

Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.