Goldman Sachs to pay about US$5 billion to resolve claims on sale of residential mortgage-backed securities – FINANCIAL NEWS-ecozik.com
Home / Financial News / Goldman Sachs to pay about US$5 billion to resolve claims on sale of residential mortgage-backed securities

Goldman Sachs to pay about US$5 billion to resolve claims on sale of residential mortgage-backed securities

Goldman Sachs said it will pay US$5.06 billion to resolve civil claims related to the firm's securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007.

Goldman Sachs Group Inc said it pays US$5.06 billion to resolve civil claims related to the firm’s securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007.

The agreement with regulators will reduce earnings for that fourth quarter by about US$1.5 billion after tax, the company said.

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