Banker banned from industry

The Federal Reserve Board has permanently barred Rohit Bansal, a former investment banker at Goldman Sachs & Co., from participating in the banking industry following his guilty plea for misdemeanor theft of confidential information from the Federal Reserve. Bansal agreed to enter into a consent order with the Board barring him from the banking industry and requiring him to cooperate in the Board's ongoing investigation. Bansal had obtained confidential information from Jason Gross, a former employee of the Federal Reserve Bank of New York. Gross earlier pleaded guilty to misdemeanor theft of confidential information of the Federal Reserve System. As part of Gross's plea agreement, he was barred from participating in the affairs of any insured depository institution.