Goldman Sachs was reported last night to be considering settlement talks with the US regulators over the fraud charges brought against it last month, reports The Times.
The reports came as the firm's equities division was fined $450,000 for violations of regulations on short selling in 2008 and 2009 in what has now become a daily war of attrition by regulators against the bank. Neither Goldman nor the US Securities and Exchange Commission would comment on the likelihood of settlement talks over the fraud charges filed on 16 April, which relate to a complex mortgage-related product that lost two investors $1bn. Read more ASIAN MARKETS mirrored heavy falls in the United States and Europe, extending the biggest fall in global shares in three months, re...
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