Goldman Sachs banker slams firm as 'toxic'

Updated
Goldman Sachs
Goldman Sachs

AP

A Goldman Sachs banker in London has launched a withering attack on the bank, famous for its secrecy. In an open letter, he slammed the firm as "toxic and destructive" as he resigned after almost 12 years at the US investment bank.

Greg Smith, who was Goldman's executive director of equity derivatives in Europe, the Middle East and Africa, accused senior staff of being "morally bankrupt" and focused on ripping off clients. The comments triggered a blizzard of comments on Twitter and other social media.

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