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Goldman settlement could reach US$5b

Sum much smaller than those paid by other firms for selling flawed mortgage securities

Published Fri, Jan 15, 2016 · 09:50 PM
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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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