Member access

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

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

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

(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)

React to this article
Latest news on GOLDMAN SACHS GROUP INC
02:04p GOLDMAN SACHS : The Philadelphia Inquirer Phillydeals column
01:00p GOLDMAN SACHS : Rein in Wall Street to lift up middle class
09:02a GOLDMAN SACHS : EFG-Hermes appoints Goldman Sachs to manage sale of 6.4% share e..
01/31 GOLDMAN SACHS : DMS Offshore Appoints Former Goldman Sachs Exec as Director
01/31 GOLDMAN SACHS : DMS Offshore appoints former Goldman executive as a director
01/31 JPMorgan to pay $99.5 million to resolve currency rigging lawsuit
01/31 RED HAT : Analyst Rating Update
01/30 GOLDMAN SACHS : Insurer names new chief exec
01/30 Warren and Cummings Ask Banks about Swaps Trading Practices After Key Section..
01/30 GOLDMAN SACHS : Insurer names new chief exec
Advertisement
Chart
Duration : Period :
Goldman Sachs Group Inc Technical Analysis Chart | GS | US38141G1040 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF