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Goldman reaches $5bn deal over mortgage-backed securities

Bank joins list of other Wall Street firms in moving past one of the biggest, and most costly, legal headaches of the crisis era

Goldman joins list of other Wall Street firms in moving past one of the biggest, and most costly, legal headaches of the crisis era
Goldman joins list of other Wall Street firms in moving past one of the biggest, and most costly, legal headaches of the crisis era Photo: FN Montage

Goldman Sachs agreed to the largest regulatory penalty in its history, resolving US and state claims stemming from the Wall Street firm’s sale of mortgage bonds heading into the financial crisis.

In settling with the Justice Department and a collection of other state and federal entities for more than $5 billion, Goldman will join a list of other big banks in moving past one of the biggest, and most costly, legal headaches of the crisis era.

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