Goldman settlement could reach US$5b
Sum much smaller than those paid by other firms for selling flawed mortgage securities
New York
MORE than seven years after the worst of the financial crisis, Goldman Sachs is again paying a price for the role it played.
The Wall Street firm said on Thursday that it had agreed to a US$5 billion civil settlement with federal prosecutors and regulators to resolve claims stemming from the marketing and selling of faulty mortgage securities to investors.
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