The Traderszone Network

Published in TZ Latest News 14 January, 2016 by The TZ Newswire Staff

Goldman Sachs to pay $5 billion to resolve claims on RMBS sale

The agreement with regulators will reduce earnings for the fourth quarter by about $1.5 billion after tax, Goldman said in a statement. The agreement in principle will resolve actual and potential civil claims by the U.S. Department of Justice, the New York and Illinois Attorneys General, the National Credit Union Administration and the Federal Home Loan Banks of Chicago and Seattle, the company said. Goldman Sachs’ shares were marginally down in extended trading on Thursday.