Jan

Goldman to Pay Up to $5 Billion to Settle Claims of Faulty Mortgages

More than seven years after the worst of the financial crisis, Goldman Sachs is again paying a price for the role it played.

The Wall Street firm said on Thursday it had agreed to a civil settlement of up to $5 billion with federal prosecutors and regulators to resolve claims stemming from the marketing and selling of faulty mortgage securities to investors.

Goldman announced the settlement — the final terms of which are still being negotiated — after the markets closed…

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Goldman to Pay Up to $5 Billion to Settle Claims of Faulty Mortgages

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