New regulatory probe for Goldman

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

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.