Goldman Sachs bans traders from swearing in emails

July 30th, 2010 - 4:53 pm ICT by ANI  

London, July 30 (ANI): Investment bank Goldman Sachs has warned its traders not to swear in company emails, and added that their emails will be censored and unacceptable words removed.

According to The Telegraph, they have also been banned from using swear words with asterisks and shorthand for expletives.

The diktat was issued after Goldman Sachs’ emails that were released during investigations into the bank’s conduct embarrassed the company because they contained swear words.

The swearing ban will affect more than 34,000 Goldman Sachs staff, many of whom are among the best-paid employees in the world.

Screening software that identifies offending words will be used to enforce the policy.

The move is likely to prove unpopular among testosterone-fuelled New York bankers who pride themselves on their use of colourful language.

Last night, in a statement, Goldman Sachs said: “Of course we have policies about the use of appropriate language and we are always looking for ways to ensure that they are enforced.”

Goldman Sachs, and other Wall Street banks, are rushing to improve their image in the wake of the global credit crisis which they were blamed for triggering.

The bank was recently fined more than 500-million dollars by regulators. It is said to be the biggest such fine ever levied. (ANI)

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