The US Department of Justice and the investment bank Goldman Sachs have settled their legal dispute over dubious mortgage securities. Goldman Sachs charged converted 4.4 billion euros. The bank had sold before the financial crisis in a big way securities.
The investment bank Goldman Sachs will pay five billion dollars – converted 4.4 billion euros – and thus puts her dispute with the US Attorney to subprime mortgage securities. $ 2.4 billion are civil penalty, 1.8 million dollars are to go to homeowners and investors, 875 million are reserved for other claims.
Before the 2008 financial crisis, Goldman Sachs had in large-scale sell dubious mortgage securities. The housing bubble was bursting and had led to the financial crisis, which also affected Europe.
Goldman Sachs had announced a deal in January, the US authorities applied then but further accusations against the Bank on the table. Now both sides confirmed the end of the litigation. In the past, had the Bank of America, Citigroup and JPMorgan Chase & amp; Co reached an agreement with the Ministry of Justice.
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