Items Tagged with 'Goldman Sachs'

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Goldman Sachs passes first round of compliance testing for $5 billion settlement

First monitor report finds consumer relief efforts are "logical and appropriate"
Goldman Sachs is meeting its consumer relief requirements as part of its $5 billion settlement reached in April over toxic mortgage bonds, a new report from the settlement’s monitor showed. The report, published Friday by Eric Green, who serves as independent monitor of the settlement, showed that Goldman Sachs passed its first round of compliance testing for the consumer relief portion of the settlement.
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Goldman Sachs bans Trump donations from employees

But Clinton donations are fine
Goldman Sachs passed a new rule hindering who its employees can donate to. While the company released its reasoning for the new rule, the timing does seem suspect, especially since the CEO’s candidate will not be impacted by the changes.
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SEC fines, bans former Goldman Sachs head RMBS trader for fraud

Edwin Chin ordered to pay $400,000 for overcharging mortgage bond buyers
Edwin Chin, who served as Goldman Sachs' head RMBS trader from 2010 through 2012, agreed to settle charges brought by the SEC that he lied to clients about the prices of RMBS deals, frequently misrepresenting not only the prices that Goldman Sachs paid for the mortgage bonds, but whether the bonds were sold out of Goldman Sachs' inventory or not. This alleged misconduct generated millions of dollars of extra revenue for Goldman Sachs.
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