Goldman says legal losses could be up to $1.9 billion more than reserves

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Goldman Sachs Group Inc said losses related to ongoing lawsuits could possibly e...

FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photo

The amount disclosed in the filing is considered as a separate accounting item from legal reserves, and covers all matters considered “reasonably possible”, the bank said. Apart from the lawsuits Goldman is already facing, it is being investigated by Malaysian authorities and the U.S. Department of Justice for its role as underwriter and arranger of three bond sales that raised $6.5 billion for 1Malaysia Development Berhad.

 

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We better not bail them out again!!!! It was wrong before and still is! They should have given it to the people, not the banks so they could issue very large bonuses to the people who screwed us over.

To bad he didn't lose it all, sorry piece of crap

The poster child for capitalism. Now waiting for a government bailout

Jail every exec and let it go under

Excellent

I hope they're wrong and will lose even more.

womp womp

GREAT NEWS!!!

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