Goldman Sachs Is Pulling Claude Code from Its Bankers and Traders

Goldman Sachs has restricted the use of Anthropic's Claude Code and Microsoft's GitHub among its non-engineer staff, limiting access to only the bank's engineers. This move came after a review of productivity and risk concerns, following the bank's April decision to bar Hong Kong bankers from using Claude. The restriction affects traders and bankers who previously utilized the AI coding tools to monitor client trading flows, model market moves, and develop written and graphic materials.

Goldman spokesperson Nick Carcaterra stated that the bank provides certain AI tools to staff to identify the most effective use cases across the firm. Earlier this year, Anthropic engineers spent six months at Goldman helping build Claude-based agents for trade accounting and client onboarding, which currently remain operational.

The decision to limit AI coding agents to engineers has frustrated some traders, who had previously used the tools for various tasks. While Goldman is the lead underwriter for Anthropic's upcoming IPO on Nasdaq, the confusion surrounding the coding agent's accessibility may pose challenges for the bank and its traders during the upcoming share marketing process.