Goldman Sachs forex trader quits after claims of prior misconduct A Goldman Sachs foreign exchange trader has left his job at the US investment bank's London office following allegations that he was involved in market misconduct when he worked at HSBC. Frank Cahill left Goldman this week, according to two people familiar with the matter. "This relates to a period before he joined Goldman Sachs and he has now left the firm," Goldman said. Mr Cahill could not be reached for comment. Goldman has not been implicated in the foreign exchange scandal, which last week saw six banks fined $4.3bn for their role in attempting to manipulate currency benchmarks. Royal Bank of Scotland, Citigroup, HSBC, JPMorgan Chase, UBS and Bank of America were penalised by UK, US and Swiss regulators. Other banks, including Barclays, remain under investigation and other enforcement action, including from the US Department of Justice, remains possible. One Goldman executive said he did not expect his bank to be found guilty of any wrongdoing. Before joining Goldman, Mr Cahill worked at HSBC between 2010 and 2012, according to records maintained by the UK's Financial Conduct Authority. Before that, he worked at Barclays. Mr Cahill's departure was first reported by The Wall Street Journal. Foreign exchange manipulation occurred at the six banks between 2008 and 2013, according to the FCA, which brought enforcement action alongside the US Commodity Futures Trading Commission and other regulators. While the FCA's group settlement marked an unusually quick finale for its investigation into a core group of banks, roughly 18 months after it started its preliminary probe, it does not bring the scandal to an end.