New regulatory probe for Goldman

Disclosing a regulatory probe into "allocation of and trading in fixed-income securities," Goldman Sachs (GS +0.5%) nevertheless, cuts its estimate of "reasonably possible" legal losses beyond existing reserves to $3.6B from $4B.

Goldman generated 46% of revenue from sales and trading last year and had losses in that business on 27 days - up from 16 days in 2012.

In another disclosure, Goldman gave certain employees restricted stock worth $2.3B in performance rewards last year, a lower amount than in 2012.


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Comments (1)
  • nap.jerry
    , contributor
    Comments (76) | Send Message
    GS has yet to "pay" for its part in the financial meltdown in the US
    2 Mar 2014, 09:20 PM Reply Like
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