Lawyers

• Anticipating Hard Brexit, Goldman Sachs Shuts Down Its London Hedge Fund Operation

  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.

• Trump nominates Wall Street Lawyer to lead SEC

  Another Wall Street insider has been nominated by President-elect Donald Trump as part of his administration.

• Goldman Sachs $5 Billion Settlement May Save Them $1 Billion in Deal

  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.

• Goldman Sachs settles US Mortgage Probe with $5.1 billion

  New York-based bank Goldman Sachs agreed to pay $5.1 billion as settlement regarding mortgage bonds which roots back in 2008 financial crisis.

• No prison time for Ex-Goldman Sachs banker who stole Fed documents

  Rohit Bansal, former employee at Goldman Sachs, gets community service and a fine instead of a prison sentence for leaking documents from the Federal Reserve Bank of New York, as judge says the loss of his career and good reputation are punishment enough.

• Goldman Sachs lowers possible litigation, regulatory expenses to $2 billion

  Goldman Sachs cut its potential legal expenses to $2 billion, from its estimates of $5.3 billion in November. The company agreed to settle penalties over allegations of selling mortgage bonds before the financial crisis.

• Texas group wants Ted Cruz investigated for failing to disclose loans

  A watchdog group in Texas filed complaint with the Federal Election Commission against Texas Senator and presidential candidate Ted Cruz for failing to disclose bank loans to fund his 2012 senate campaign.

• Goldman Sachs settlement over mortgage fraud charges amounts to $5.1 billion

  Goldman Sachs is about to reach a $5.1 billion settlement with the US government over charges that, along with other banks in 2006-2008, it had falsely advertised residential mortgaged backed securities (RMBS) as safe investments to millions of investors and other financial cilents.

• Goldman Sachs agrees to pay $5.1B to settle mortgage case

  New York investment bank Goldman Sachs agreed to pay $5.1 billion to resolve the ongoing investigation of RMBS working group over its mortgage packaging before financial crisis.

• Currency-rigging lawsuit settlements rise past $2 billion: lawyer

  Investors have recovered more than $2 billion in settlements with nine banks over claims of price-rigging in the foreign exchange market, and are continuing to pursue claims against seven other banks, a lawyer for the plaintiffs said Thursday.

• Clintons earned at least $30 million since beginning of 2014

  Hillary and Bill Clinton have earned at least $30 million since January 2014, including more than $25 million for delivering about 100 speeches, according to a government filing.

• G20 watchdog to study bond market liquidity, asset managers

  The global financial system is safer but there is no room for complacency because of concerns about the international bond market, Financial Stability Board Chairman Mark Carney said on Thursday.

• Citigroup sues ex-Goldman partners' firm over Swiss franc losses

  Citigroup Inc has sued a Connecticut firm founded by two former Goldman Sachs partners for $25 million over losses incurred during the unexpected surge in the Swiss franc in January.

• NY financial regulator subpoenas banks in forex probe: sources

  New York's financial regulator has sent subpoenas to Goldman Sachs, Credit Suisse, BNP Paribas and Societe Generale, expanding its probe into the possible rigging of foreign exchange rates through computer programs, people familiar with the matter said.

• Goldman Sachs ordered to pay Libyan fund's legal costs

  Goldman Sachs has been ordered to pay the Libyan Investment Authority (LIA) 200,000 pounds ($321,820) in legal costs as part of a lawsuit brought by the fund over $1 billion in trades that ended up worthless.

• London banks device ways to go around EU bonus rules

  Financial experts believed that the bonus cap law, which limits the awarding of bonuses to bankers and traders, has created an unfair playing field for the European Union because of banks' decision to circumvent the law by reclassifying or restructuring bonuses.

• Matthew Taylor: Former Goldman Sachs Trader Sentenced To Nine Months In Prison & Told To Repay $118 Million To Company (Video)

  Matthew Taylor, a former Goldman Sachs Group Inc. trader, was sentenced to serve nine months in prison and pay $118 million in restitution to his former employer after pleading guilty in April of wire fraud in pursuing an unauthorized $8.3 billion futures trade in 2007