Goldman Sachs closed its London hedge fund operation and relocate staffs to New York in a speculation to anticipate Brexit. However the bank denied the decision was taken to avoid the foreseen hard Brexit.
Another Wall Street insider has been nominated by President-elect Donald Trump as part of his administration.
Goldman Sachs would pay $5 billion in settlement over claims that they misled investors to buy securities from 2005 to 2007. However, new reports say that Goldman Sachs could pay less penalties through government incentives and tax credits.
New York-based bank Goldman Sachs agreed to pay $5.1 billion as settlement regarding mortgage bonds which roots back in 2008 financial crisis.
