Goldman Sachs is under scrutiny following reports that CEO David Solomon has requested Kathy Ruemmler, the firm’s Chief Legal Officer and General Counsel, to remain as an adviser despite her previously announced resignation. This development has prompted U.S. lawmakers to question the bank’s decision-making and oversight processes.
In February 2026, Ruemmler announced her intention to resign by June 30, following revelations of her extensive ties to Jeffrey Epstein. Documents released by the U.S. Department of Justice indicated that between 2014 and 2019, Ruemmler maintained frequent contact with Epstein, accepted gifts from him, and provided advice on managing media inquiries related to his criminal activities. ([pbs.org](https://www.pbs.org/newshour/politics/goldman-sachs-top-lawyer-kathy-ruemmler-to-resign-after-emails-show-close-ties-to-jeffrey-epstein?utm_source=openai))
Despite her announced departure, recent reports suggest that Solomon has asked Ruemmler to stay on in an advisory capacity. This move has raised concerns among Democratic lawmakers. Senator Elizabeth Warren and Representative Raja Krishnamoorthi sent a letter to Solomon expressing apprehension over the decision. They highlighted that the information uncovered raises serious questions about whether Goldman Sachs failed to conduct proper due diligence or viewed Ruemmler’s relationship with Epstein as appropriate when appointing her as the firm’s top lawyer. ([banking.senate.gov](https://www.banking.senate.gov/newsroom/minority/warren-krishnamoorthi-press-goldman-sachs-ceo-solomon-on-reported-decision-to-keep-ruemmler-at-bank-despite-close-relationship-with-jeffrey-epstein?utm_source=openai))
The lawmakers have requested detailed information regarding Ruemmler’s continued role, her new title, associated duties, and compensation package. They also inquired about the extent of Goldman Sachs’s prior knowledge of Ruemmler’s relationship with Epstein and the firm’s decision to defend her following the DOJ document releases. ([banking.senate.gov](https://www.banking.senate.gov/newsroom/minority/warren-krishnamoorthi-press-goldman-sachs-ceo-solomon-on-reported-decision-to-keep-ruemmler-at-bank-despite-close-relationship-with-jeffrey-epstein?utm_source=openai))
Goldman Sachs has not publicly commented on these developments. The situation underscores the challenges financial institutions face in managing reputational risks associated with executive conduct and the importance of transparent governance practices.