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Goldman taking $1.5bn hit on Q4 earnings for settlement

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Goldman Sachs said Thursday that its fourth-quarter earnings will take a roughly $1.5 billion hit as it has reached a nearly $5.1 billion settlement agreement in principle related to its "securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007."

UBS to pay $19.5m to settle SEC charges

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The Securities and Exchange Commission has announced that UBS AG has agreed to pay $19.5m to settle charges that it made false or misleading statements and omissions in offering materials provided to U.S. investors in structured notes linked to a proprietary foreign exchange trading strategy.

Citi pays $13.5m to settle hedge fund lawsuit

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Citigroup agreed to pay $13.5m to settle a lawsuit accusing the bank of deceiving investors into remaining in its Corporate Special Opportunities hedge fund, only to suffer big losses when the fund was liquidated in November 2008, court papers filed on Monday show

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Goldman Sachs Blink

Goldman taking $1.5bn hit on Q4 earnings for settlement

Goldman Sachs said Thursday that its fourth-quarter earnings will take a roughly $1.5 billion hit as it has reached a nearly $5.1 billion settlement agreement in principle related to its "securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007."

Sec Building

UBS to pay $19.5m to settle SEC charges

The Securities and Exchange Commission has announced that UBS AG has agreed to pay $19.5m to settle charges that it made false or misleading statements and omissions in offering materials provided to U.S. investors in structured notes linked to a proprietary foreign exchange trading strategy.