Goldman and Morgan next up for DOJ settlement?


Following major-league mortgage-related settlements with JPMorgan, Citigroup, and Bank of America, the DOJ has turned its attention to Goldman Sachs (GS +2.2%) and Morgan Stanley (MS +3.2%), and both are in early discussions, reports the FT. Evidence is still being gathered, say the FT's sources, and negotiations over a deal are still a ways off.

Neither Morgan nor Goldman were as big of players in mortgages as the other banks, so the terms and numbers are likely to be somewhat eased from the headline-grabbing ones of JPMorgan, Citi, and BofA.

Previously: Goldman settles with FHFA, will buy back RMBS for $3.15B

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Comments (3)
  • SaltyDog62
    , contributor
    Comments (835) | Send Message
     
    I want the TAN Man in jail!!!
    25 Aug 2014, 12:27 PM Reply Like
  • sethmcs
    , contributor
    Comments (3546) | Send Message
     
    Country Wide former CEO?
    25 Aug 2014, 04:10 PM Reply Like
  • SaltyDog62
    , contributor
    Comments (835) | Send Message
     
    Yes, Mozilla
    25 Aug 2014, 06:07 PM Reply Like
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