December 20, 2019 / 7:07 AM / 2 months ago

PRESS DIGEST- New York Times business news - Dec. 20

Dec 20 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- Goldman Sachs Group Inc is negotiating with federal prosecutors to pay a fine of as much as $2 billion, and have a subsidiary plead guilty, to settle claims about its role in a scheme to loot billions from a sovereign wealth fund in Malaysia, a person with knowledge of the matter said.

- The House and Senate have now passed a provision that would ban the sale of tobacco and e-cigarettes to anyone under 21, at a time when Congress and the Trump administration are facing public pressure to reduce the soaring rates of teenage vaping.

- The majority of commercial facial-recognition systems exhibit bias, according to a study from a federal agency released on Thursday, underscoring questions about a technology increasingly used by police departments and federal agencies to identify suspected criminals.

- Democratic lawmakers, asked Jamie Dimon, the chief executive of JPMorgan Chase & Co, to list steps the bank is taking to combat discrimination against black customers and employees following a New York Times report about racism at some of the bank's branches in Arizona.

Compiled by Bengaluru newsroom

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