New York, Feb 14, 2026, 12:32 EST — The market has closed.
Kathy Ruemmler, Goldman Sachs’ top lawyer, is out. Her resignation comes after U.S. Justice Department records linked her to Jeffrey Epstein—she’d received gifts and gave him advice on dealing with the press over his criminal cases. CEO David Solomon said on CNBC that he “reluctantly accepted her resignation.” Reuters
Goldman Sachs finished Friday at $905.14, a modest gain of 0.07%. That follows Thursday’s 4.24% drop—a bumpy two-day ride. Heading into a shortened week, there’s also a new governance headline for investors to digest at this Wall Street heavyweight. Lately, the stock’s been moving as much with the macro tide as with any news specific to the firm.
Stocks in the U.S. leveled out Friday, inflation easing the pressure, though volume faded ahead of the long weekend and the market drifted. “We’ve been on wobbly legs a couple of weeks now,” said Michael James, managing director at Rosenblatt Securities. Reuters
The Goldman Sachs Group, Inc. disclosed in an 8-K that Ruemmler plans to step down as chief legal officer and general counsel effective June 30, 2026. No replacement was mentioned in the filing.
The latest dump of Epstein-related records has pulled more banks into the spotlight. UBS, for instance, surfaced in the filings—turns out it opened accounts for Epstein associate Ghislaine Maxwell back in 2014, which was months after JPMorgan cut ties with Epstein. Kathy Ruemmler has maintained she was unaware of “any ongoing criminal conduct” by Epstein. Reuters
With GS stock, the bigger worry is a narrative that refuses to die down. Additional disclosures, internal shakeups, or new regulatory scrutiny might continue to weigh on the shares—even if the overall market steadies.
With U.S. stock markets shut for Presidents Day on Monday, investors will have to wait until Tuesday’s session for the next clear take on positioning.
Next up, traders look ahead to the Federal Reserve’s meeting minutes coming Wednesday, Feb. 18. Later in the week, eyes turn to U.S. data drops: the Personal Consumption Expenditures price index, which the Fed favors as its inflation barometer, plus an advance read on Q4 GDP due Friday, Feb. 20.
