BUSINESS

Goldman Sachs: 'No Indication' Of SEC Settlement Over Abacus Deal

06/11/2010 11:37 am 11:37:08 | Updated May 25, 2011

MONTREAL, June 10 (Reuters) - The president of Goldman Sachs Group Inc (GS.N) said on Thursday that there is "no indication" that the investment bank is close to settling U.S. fraud charges with the Securities and Exchange Commission.

Goldman Sachs President Gary Cohn also said there is no sense of timing on a potential settlement, adding that Goldman's client franchise was strong.

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