Goldman Sachs GC Kathryn Ruemmler to Resign Amid Epstein Ties (GS)

Goldman Sachs' general counsel, Kathryn Ruemmler, will resign this summer amid revelations of close ties to convicted sex offender Jeffrey Epstein, according to confirmed statements. The bank said she will leave after admitting the connections had become a distraction. Emails released by the Department of Justice in a sprawling probe showed Ruemmler accepted gifts worth tens of thousands of dollars, including a $9,350 Hermès handbag, a Hermès-branded Apple Watch, and a spa trip, while working at Latham & Watkins. She referred to Epstein as “Uncle Jeffrey” and described him as “wonderful Jeffrey” in correspondence. CEO David Solomon praised her contributions and said the bank will miss her. Ruemmler told the Financial Times she made the decision to end the media focus over concerns it was becoming a distraction, and she expressed sympathy for those Epstein may have harmed. Her resignation follows similar exits by Paul Weiss chairman Brad Karp and UK politician Lord Peter Mandelson over Epstein-linked connections.