diff --git a/api-error-response.go b/api-error-response.go
index 39df7eec6..dd781cae3 100644
--- a/api-error-response.go
+++ b/api-error-response.go
@@ -47,6 +47,7 @@ type ErrorResponse struct {
 	Message    string
 	BucketName string
 	Key        string
+	Resource   string
 	RequestID  string `xml:"RequestId"`
 	HostID     string `xml:"HostId"`
 
diff --git a/pkg/credentials/assume_role.go b/pkg/credentials/assume_role.go
index 3b1b547b9..d14f5239f 100644
--- a/pkg/credentials/assume_role.go
+++ b/pkg/credentials/assume_role.go
@@ -184,11 +184,16 @@ func getAssumeRoleCredentials(clnt *http.Client, endpoint string, opts STSAssume
 	}
 	defer closeResponse(resp)
 	if resp.StatusCode != http.StatusOK {
-		return AssumeRoleResponse{}, errors.New(resp.Status)
+		var errResp ErrorResponse
+		_, err = xmlDecodeAndBody(resp.Body, &errResp)
+		if err != nil {
+			return AssumeRoleResponse{}, err
+		}
+		return AssumeRoleResponse{}, errResp
 	}
 
 	a := AssumeRoleResponse{}
-	if err = xml.NewDecoder(resp.Body).Decode(&a); err != nil {
+	if _, err = xmlDecodeAndBody(resp.Body, &a); err != nil {
 		return AssumeRoleResponse{}, err
 	}
 	return a, nil
diff --git a/pkg/credentials/error_response.go b/pkg/credentials/error_response.go
new file mode 100644
index 000000000..798b44137
--- /dev/null
+++ b/pkg/credentials/error_response.go
@@ -0,0 +1,74 @@
+/*
+ * MinIO Go Library for Amazon S3 Compatible Cloud Storage
+ * Copyright 2021 MinIO, Inc.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ *     http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+
+package credentials
+
+import (
+	"bytes"
+	"encoding/xml"
+	"fmt"
+	"io"
+	"io/ioutil"
+)
+
+// ErrorResponse - Is the typed error returned.
+// ErrorResponse struct should be comparable since it is compared inside
+// golang http API (https://github.com/golang/go/issues/29768)
+type ErrorResponse struct {
+	XMLName   xml.Name `xml:"Error" json:"-"`
+	Code      string
+	Message   string
+	RequestID string `xml:"RequestId"`
+	HostID    string `xml:"HostId"`
+
+	// Region where the bucket is located. This header is returned
+	// only in HEAD bucket and ListObjects response.
+	Region string
+
+	// Captures the server string returned in response header.
+	Server string
+
+	// Underlying HTTP status code for the returned error
+	StatusCode int `xml:"-" json:"-"`
+}
+
+// Error - Returns STS error string.
+func (e ErrorResponse) Error() string {
+	if e.Message == "" {
+		return fmt.Sprintf("Error response code %s.", e.Code)
+	}
+	return e.Message
+}
+
+// xmlDecoder provide decoded value in xml.
+func xmlDecoder(body io.Reader, v interface{}) error {
+	d := xml.NewDecoder(body)
+	return d.Decode(v)
+}
+
+// xmlDecodeAndBody reads the whole body up to 1MB and
+// tries to XML decode it into v.
+// The body that was read and any error from reading or decoding is returned.
+func xmlDecodeAndBody(bodyReader io.Reader, v interface{}) ([]byte, error) {
+	// read the whole body (up to 1MB)
+	const maxBodyLength = 1 << 20
+	body, err := ioutil.ReadAll(io.LimitReader(bodyReader, maxBodyLength))
+	if err != nil {
+		return nil, err
+	}
+	return bytes.TrimSpace(body), xmlDecoder(bytes.NewReader(body), v)
+}
diff --git a/pkg/credentials/signature-type.go b/pkg/credentials/signature_type.go
similarity index 100%
rename from pkg/credentials/signature-type.go
rename to pkg/credentials/signature_type.go
diff --git a/pkg/credentials/sts_client_grants.go b/pkg/credentials/sts_client_grants.go
index b79f920f5..a40381da0 100644
--- a/pkg/credentials/sts_client_grants.go
+++ b/pkg/credentials/sts_client_grants.go
@@ -132,7 +132,15 @@ func getClientGrantsCredentials(clnt *http.Client, endpoint string,
 	}
 	defer resp.Body.Close()
 	if resp.StatusCode != http.StatusOK {
-		return AssumeRoleWithClientGrantsResponse{}, errors.New(resp.Status)
+		var errResp ErrorResponse
+		_, err = xmlDecodeAndBody(resp.Body, &errResp)
+		if err != nil {
+			return AssumeRoleWithClientGrantsResponse{}, ErrorResponse{
+				Code:    "InvalidArgument",
+				Message: err.Error(),
+			}
+		}
+		return AssumeRoleWithClientGrantsResponse{}, errResp
 	}
 
 	a := AssumeRoleWithClientGrantsResponse{}
diff --git a/pkg/credentials/sts_ldap_identity.go b/pkg/credentials/sts_ldap_identity.go
index bdde1fa3c..26d9e0361 100644
--- a/pkg/credentials/sts_ldap_identity.go
+++ b/pkg/credentials/sts_ldap_identity.go
@@ -19,7 +19,6 @@ package credentials
 
 import (
 	"encoding/xml"
-	"errors"
 	"fmt"
 	"net/http"
 	"net/url"
@@ -169,7 +168,15 @@ func (k *LDAPIdentity) Retrieve() (value Value, err error) {
 
 	defer resp.Body.Close()
 	if resp.StatusCode != http.StatusOK {
-		return value, errors.New(resp.Status)
+		var errResp ErrorResponse
+		_, err = xmlDecodeAndBody(resp.Body, &errResp)
+		if err != nil {
+			return value, ErrorResponse{
+				Code:    "InvalidArgument",
+				Message: err.Error(),
+			}
+		}
+		return value, errResp
 	}
 
 	r := AssumeRoleWithLDAPResponse{}
diff --git a/pkg/credentials/sts-tls-identity.go b/pkg/credentials/sts_tls_identity.go
similarity index 96%
rename from pkg/credentials/sts-tls-identity.go
rename to pkg/credentials/sts_tls_identity.go
index 2e37025a2..e56e7be67 100644
--- a/pkg/credentials/sts-tls-identity.go
+++ b/pkg/credentials/sts_tls_identity.go
@@ -149,7 +149,15 @@ func (i *STSCertificateIdentity) Retrieve() (Value, error) {
 		defer resp.Body.Close()
 	}
 	if resp.StatusCode != http.StatusOK {
-		return Value{}, errors.New(resp.Status)
+		var errResp ErrorResponse
+		_, err = xmlDecodeAndBody(resp.Body, &errResp)
+		if err != nil {
+			return Value{}, ErrorResponse{
+				Code:    "InvalidArgument",
+				Message: err.Error(),
+			}
+		}
+		return Value{}, errResp
 	}
 
 	const MaxSize = 10 * 1 << 20
diff --git a/pkg/credentials/sts_web_identity.go b/pkg/credentials/sts_web_identity.go
index 25ca751de..72352188d 100644
--- a/pkg/credentials/sts_web_identity.go
+++ b/pkg/credentials/sts_web_identity.go
@@ -150,7 +150,15 @@ func getWebIdentityCredentials(clnt *http.Client, endpoint, roleARN, roleSession
 
 	defer resp.Body.Close()
 	if resp.StatusCode != http.StatusOK {
-		return AssumeRoleWithWebIdentityResponse{}, errors.New(resp.Status)
+		var errResp ErrorResponse
+		_, err = xmlDecodeAndBody(resp.Body, &errResp)
+		if err != nil {
+			return AssumeRoleWithWebIdentityResponse{}, ErrorResponse{
+				Code:    "InvalidArgument",
+				Message: err.Error(),
+			}
+		}
+		return AssumeRoleWithWebIdentityResponse{}, errResp
 	}
 
 	a := AssumeRoleWithWebIdentityResponse{}