Goldman in settlement talks with U.S. over trading loss
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)
- Tweet this
- Share this
- Digg this
- Kerry presses India on global trade deal as deadline looms
- Gaza toll soars as Israel "days" from completing tunnel hunt
- HCL Tech Q4 dollar revenue disappoints investors, shares fall
- China should set lower 2015 GDP growth target of 6.5-7 pct - IMF
- Some WTO members discussing customs deal without India - sources
Maruti Suzuki India, India's biggest carmaker, reported a 21 percent rise in first-quarter net profit, beating estimates, as early signs of an economic revival boosted sales. Full Article