One of the US largest investment banks will have to pay $5 billion to settle the conflict with the US Department of Justice. The payment will equal around 80% of the bank’s net profit over the past year. Goldman Sachs has been accused of providing false information to clients about the securities in real estate area. It is worth mentioning, that Goldman Sachs previously had already paid the fine of $550 million for fraud in the mortgage bonds sales.
The shares of Goldman Sachs have already fallen by 0.62% and continue to decline. Traders have a good opportunity to earn money on the asset’s further fall. Trading will be available during the American session, from 14:40 to 21:00 GMT time.
The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.