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Goldman Sachs Settlement? Deal With SEC May Be In The Works

First Posted: 06/29/10 06:12 AM ET Updated: 05/25/11 05:20 PM ET

Goldman Sachs Settlement
Goldman Sachs chairman and chief executive officer Lloyd Blankfein may be considering a settlement with the SEC.

New York Post:

Goldman Sachs may soon settle its fraud case with the Securities and Exchange Commission, opting to end the legal fight rather than endure a repeat of the public flogging it received Tuesday in Washington, sources familiar with the matter told The Post.

After 11 hours of accusations by members of the Senate Subcommittee on Permanent Investigations, people close to the bank said Goldman is mulling closing the SEC fraud-case chapter on the belief the firm's reputation, already damaged, might not endure a street fight with the Wall Street watchdog.

Read the whole story: New York Post

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Filed by Adam J. Rose  |