FSA meet Goldman Sachs over US charges

The FSA is today meeting senior officials from Goldman Sachs over the bank's involvement in structuring complex debt intruments during the financial crisis, Investment Week understands.

Last week, the market watchdog confirmed it would investigate Goldman over charges its US counterpart has levelled against the bank. The SEC alleges Goldman failed to tell clients who bought a complex debt security during the financial crisis that a hedge fund involved in constructing it then sold it short, and reaped $1bn from the punt. Goldman has denied the charges, and says it lost money on the deal. Goldman declined to comment today. The FSA is investigating the US charges laid against it for any implications they may hold for UK-regulated entities of the US bank. The regul...