Goldman Sachs Group Inc agreed to pay $550 million to settle civil fraud charges over how it marketed a subprime mortgage product, ending months of negotiations that rattled the bank's clients and investors.
Goldman Sachs Group Inc on Thursday agreed to pay $550 million to settle civil charges that it misled investors in a subprime mortgage product, the U.S. Securities and Exchange Commission announced on Thursday.
Goldman Sachs Group Inc agreed to pay $550 million to settle civil fraud charges over how it marketed a subprime mortgage product, ending months of negotiations that rattled the bank's clients and investors.
Goldman Sachs Group Inc agreed to pay $550 million to regulators to settle civil fraud charges over how it marketed a subprime mortgage product, ending a weeks long probe that rattled clients and weighed on its share price.
Stocks ended little changed on Thursday, recouping losses late in the day, led by a sudden turnaround in Goldman Sachs and BP.
Goldman Sachs has agreed to pay a record $550 million to settle fraud charges brought by the Securities and Exchange Commission, the financial regulator said on Thursday. In its charges against Goldman, the SEC said the investment bank had misled investors in a subprime mortgage product.
Securities regulators on Thursday said they will make a major enforcement announcement, fueling talk that a deal has been reached in their lawsuit against Goldman Sachs Group Inc .
Securities regulators on Thursday said they will make a major enforcement announcement, fueling talk that a deal has been reached in their lawsuit against Goldman Sachs Group Inc .
JPMorgan Chase & Co raised its commodity trading risk in the second quarter, the first time in nine months, but earned less from the sector as prices fell and the bank lost out on a large coal bet.
U.S. investment bank Goldman Sachs Group Inc is likely to ask for more time to respond to the fraud lawsuit filed on April 16 by the U.S. Securities regulator, the New York Post reported, citing sources.
A hedge fund is taking aim at the world's biggest banks in an effort to recoup $1.2 billion it lost on subprime mortgages, entering a legal fight where so far Wall Street has largely been unscathed.
A Manhattan federal judge on Monday rejected Citigroup Inc's bid to dismiss a class-action lawsuit by bondholders who said the bank misled them about its exposure to toxic mortgages.
Goldman Sachs Group Inc was sued by Liberty Mutual Insurance Co, which accused the Wall Street bank of fraudulently misleading it into buying preferred stock of mortgage financier Fannie Mae that would become virtually worthless.
Goldman Sachs Group and Morgan Stanley have generated billions of dollars of revenue from fixed income trading over the last year, but that profit engine may have sputtered in the second quarter as bond markets grew turbulent.
Africa offers among the world's best investment prospects as emerging markets grow ever more important, although its economies risk being destabilized by the slew of capital they stand to attract in coming years.
Stocks rebounded on Tuesday from a 10-month low on the S&P 500 on data that showed the services sector, the economy's largest, grew for a sixth straight month in June.
U.S. stock index futures pointed to a rise of more than 1 pct at the open on Tuesday on signs of strength in Europe's banking system and ahead of a $22 billion initial stock offering by the Agricultural Bank of China, set to be the biggest-ever IPO.
TPG and Goldman Sachs's private equity arm are close to a deal to buy Ontex, the European private-label diaper maker, from buyout firm Candover for 1.2 billion euros ($1.5 billion) or more, people familiar with the matter said.
Goldman Sachs officials insisted demands for billions of dollars from insurer AIG ahead of a $182-billion government rescue package were based on legitimate market prices and denied gaming values for a massive payout.
Goldman Sachs officials insisted demands for billions of dollars from insurer AIG ahead of a $182-billion government rescue package were based on legitimate market prices and denied gaming values for a massive payout.
Tesla Motors Inc underwriters sold an additional 2 million shares in the electric carmaker on much stronger than expected demand for stock of the still-unprofitable company
Goldman Sachs demanded billions of dollars in collateral from AIG to protect its customers, the Wall Street bank said on Thursday, defending itself against accusations that it contributed to the insurer's woes while padding its own profits.
