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Goldman confirms probe of overseas hiring practices; HFT investigation too

May 09, 2014 11:38 AM ETThe Goldman Sachs Group, Inc. (GS) StockGSBy: Stephen Alpher, SA News Editor
  • In its 10-Q, Goldman Sachs (NYSE:GS) says it expects litigation expenses to remain "high" and discloses a boost to reserves to $3.7B from $3.6M. Rumored a few days ago, Goldman is indeed under scrutiny for possible violations of the Foreign Corrupt Practices Act.
  • The bank also says it's under investigation over high-frequency trading, though it didn't specify which agency is having a look.

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The Goldman Sachs Group, Inc.