WASHINGTON/NEW YORK (Reuters) - Goldman Sachs Group Inc agreed to pay $550 million to settle civil fraud charges over how it marketed a subprime mortgage product, ending months of negotiations that rattled the bank's clients and investors.
Reuters: Top News, Reuters
Thu, 07/15/2010 - 6:14pm
WASHINGTON/NEW YORK (Reuters) - Goldman Sachs Group Inc agreed to pay $550 million to settle civil fraud charges over how it marketed a subprime mortgage product, ending months of negotiations that rattled the bank's clients and investors.