Goldman Sachs takes AI coding assistants away from its bankers and traders
According to Bloomberg, only the investment bank's roughly 12,000 engineers may still use Claude Code and GitHub's coding tools.
Goldman Sachs has limited access to Anthropic's Claude Code and the programming tools of Microsoft's GitHub to its engineers. Bloomberg reported this on Monday based on internal guidance from October, and PYMNTS picked up the report. Bankers and traders had been allowed to use the tools for months. According to a Bloomberg source, some traders are annoyed because they used them to follow client trading flows and to produce written and graphic material.
Spokesperson Nick Carcaterra said the bank ran a trial period in which factors including productivity and risk management were assessed. Afterwards, the tools went to those best placed to make use of them over the long term. The bank's roughly 12,000 engineers keep their access. In July, chief information officer Marco Argenti had still praised non-technical staff who had code generated themselves, which engineers then refined.
Other American banks are also cautious about AI agents, PYMNTS writes. JPMorgan does not allow outside agents, Bank of America limits their access to deposits and Citigroup does not let third-party agents log into accounts or carry out transactions.
Transparency: this edition was compiled by Claude, made by Anthropic.