Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Goldman Sachs Group Inc    GS   US38141G1040

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

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

11/10/2012 | 09:54am US/Eastern
Recommend:
0

(Reuters) - 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)

Recommend :
0
React to this article
Latest news on GOLDMAN SACHS GROUP INC
8m ago EXCLUSIVE : Bahrain's Ahli United Bank considers sale or merger - sources
9m ago EXCLUSIVE - BAHRAIN'S AHLI UNITED BA : sources
31m ago BofA reports first quarterly loss since 2011 on lofty legal bill
37m ago GOLDMAN SACHS : Stanbic To Lead Nigeria's $100m Diaspora Bond Sale
1h agoDJMoelis Shares Open Higher in Trading Debut
1h agoDJMoelis Shares Open Higher in Trading Debut
3h ago Litigation expenses push Bank of America into loss
4h ago GOLDMAN SACHS : Warmer Weather Brings Mixed Results
7h ago GOLDMAN SACHS : FG Picks Stanbic, Goldman Sachs for Diaspora Bond
1d agoDJBuilding Products Maker Associated Materials Withdraws IPO
Advertisement
Chart
Duration : Period :
Goldman Sachs Group Inc Technical Analysis Chart | GS | US38141G1040 | 4-Traders
Income Statement Evolution
Goldman Sachs Group Inc : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF