Goldman Sachs Reaches $5B Settlement With DOJ
April 11, 2016
Goldman Sachs has agreed to pay about $5 billion to the federal government for its part in handling mortgage-backed securities in the years leading up to the 2008 financial crisis. That settlement ends “actual and potential civil claims” by the Department of Justice, the attorneys general of New York and Illinois, and the Federal Home Loan Banks of Chicago and Seattle, and the National Credit Union Administration. About $1.8 billion of the settlement will go to consumer relief. Regulators have already secured multi-billion dollar settlements with JPMorgan Chase, Bank of American, and Citigroup for activities that led to the financial collapse.
Read full article at:
Share this post: