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Goldman Sachs Reaches $5 Billion Settlement Over Mortgage Securities
huffingtonpost.com
Goldman Sachs Group Inc. will pay nearly $3.3 billion to resolve state and federal claims that it cheated investors who purchased its mortgage securities, the bank announced Thursday.
The preliminary accord also includes an additional $1.8 billion for others in what the bank described as consumer relief, such as reduced loan balances for households whose mortgages were bundled into those securities, raising the total value of the settlement to $5.1 billion.
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