Thursday, January 14, 2016

$5 billion from Goldman, Sachs for mortgage settlement.

January 20, 2016
By Ken Sweet

...Coming nearly eight years after the crisis, (click here) the settlement is by far the largest the investment bank has reached related to its role in the meltdown. But the payment is dwarfed by those made by some of its Wall Street counterparts.
Goldman will pay $2.39 billion in civil monetary penalties, $875 million in cash payments and provide $1.8 billion in consumer relief in the form of mortgage forgiveness and refinancing....