Goldman Sachs CEO says firm reflecting on how it hired, promoted 'a criminal' in 1MDB case

"We are spending a lot of time being reflective and really thinking about how it was that we wound up having somebody we hired at the firm, promoted at the firm, became a partner with the firm and turned out to be a criminal," David Solomon says.

"We are spending a lot of time being reflective and really thinking about how it was that we wound up having somebody we hired at the firm, promoted at the firm, became a partner with the firm and turned out to be a criminal," Solomon said on Monday in an interview with CNBC's"We own that, that's on us ... We are working as diligently as we can to put it behind us and move on and stay focused on our clients and businesses," he added.

Goldman has been going through its worst scandal since the financial crisis as the fund is the subject of corruption and money-laundering investigations in at least six countries. It's always been the bank's defense that 1MDB is result of a few bad employees, rather than something broader about firm or its culture.

Q: How can you tell the difference between a criminal and a Goldman Sachs employee?

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