Goldman in $5.1 bn deal to settle mortgage bond fraud claims
New York economy
New York - Arab Today
Goldman Sachs said Thursday that it had reached a $5.1 billion deal with US and state authorities to settle allegations related to fraudulent marketing of mortgage bonds before the financial crisis.
The Wall Street investment bank said it would pay a civil penalty of $2.4 billion to settle with the authorities, as well as payments of $875 million and $1.8 billion in consumer relief.
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