Seeking Alpha

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
Comments (3)
  • SaltyDog62
    , contributor
    Comments (791) | Send Message
     
    I want the TAN Man in jail!!!
    25 Aug 2014, 12:27 PM Reply Like
  • sethmcs
    , contributor
    Comments (3445) | Send Message
     
    Country Wide former CEO?
    25 Aug 2014, 04:10 PM Reply Like
  • SaltyDog62
    , contributor
    Comments (791) | Send Message
     
    Yes, Mozilla
    25 Aug 2014, 06:07 PM Reply Like
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