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.
An ex-Goldman Sachs employee, Rohit Bansal, was not sentenced but instead required to pay a fine of $5,000 over the New York fed leaks.He was charged of illegally getting documents from an employee of New York Fed to further help his career and his colleagues.
Despite the market swings, Goldman Sachs Group Inc. remains positive of a strong deal pipeline. Their trading revenue may have dropped this year, but their investment banking looks good and bright.
Goldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter.
