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Goldman in settlement talks with U.S. over trading loss

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11/10/2012 | 03:54pm CEST

Goldman Sachs Group Inc is in settlement talks with the U.S. government over an $8.3 billion position that one of the investment bank's traders had concealed five years ago, according to a published report.

The Financial Times said a settlement with the U.S. Commodity Futures Trading Commission, which regulates U.S. futures and options markets, is expected in the coming weeks, citing two sources familiar with the plans.

Goldman declined to comment and the CFTC could not be reached for comment.

The planned settlement follows Thursday's announcement from the regulator that accused ex-Goldman trader Matthew Marshall Taylor of hiding a large position in S&P 500 e-mini futures contracts. Taylor has denied the accusations, his lawyer said on Thursday.

(Reporting by Debra Sherman; Editing by Jackie Frank)

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Financials ($)
Sales 2017 31 056 M
EBIT 2017 10 774 M
Net income 2017 7 456 M
Debt 2017 -
Yield 2017 1,33%
P/E ratio 2017 12,17
P/E ratio 2018 11,15
Capi. / Sales 2017 2,75x
Capi. / Sales 2018 2,64x
Capitalization 85 418 M
Chart GOLDMAN SACHS GROUP
Duration : Period :
Goldman Sachs Group Technical Analysis Chart | GS | US38141G1040 | 4-Traders
Technical analysis trends GOLDMAN SACHS GROUP
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 29
Average target price 235 $
Spread / Average Target 6,4%
EPS Revisions
Managers
NameTitle
Lloyd Craig Blankfein Chairman & Chief Executive Officer
Harvey Mitchell Schwartz Co-President & Co-Chief Operating Officer
David Michael Solomon Co-President & Co-Chief Operating Officer
R. Martin Chavez Chief Financial Officer & Executive VP
James A. Johnson Independent Director
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