United States:
Goldman Sachs Set To Pay $5.1 Billion In RMBS Settlement
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On April 11, Goldman Sachs agreed to pay roughly $5.1 billion in
a settlement with federal and state officials regarding the
marketing and sale of RMBS during the years leading up to the
financial crisis. The settlement is divided into a $2.4 billion
civil penalty, $1.8 billion for consumer relief and $875 million in
cash. Cash payments will primarily be divided among the National
Credit Union Administration, the Federal Home Loan Banks and the
States of California, Illinois and New York. Goldman Settlement.
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