Goldman Sachs agrees record $550m fine
The American investment bank Goldman Sachs is to pay out $550m (£356m) the largest penalty ever imposed on a Wall Street bank.
Though for Goldman it is the equivalent of less than a week's trading revenues.
The bank admitted it should have disclosed more information to investors in a mortgage product that cost some clients massive sums.
Robert Peston reports.
16 Jul 2010
- From the section Business