Wednesday, January 20, 2016

Goldman Sachs earnings dented by RMBS settlement

Goldman Sachs recorded net revenues of $33.82 billion and net earnings of $6.08 billion for the year ended Dec. 31, 2015. However, despite the profit, the recent $5 billion settlement billion between Goldman Sachs and the federal government over claims related to toxic mortgage bonds sold to investors in the run up to the financial crisis managed to put a dent in the banks earnings, according to the earnings release.

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