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Goldman Sachs has been fined following fraud allegations -- again. This time, it happened in the U.K. The British financial regulator has slapped a $31 million fine on the investment bank. London bureau chief Stephen Beard talks with Bill Radke about why it's being fined.
Goldman Sachs' half-billion dollar settlement with the Securities and Exchange Commission could lead to similar deals with other big-player banks.
New York Attorney General Andrew Cuomo is investigating whether eight Wall Street banks misled rating agencies, the latest of a string of federal inquiries into the practices of leading financial institutions.
At a Senate hearing, Goldman Sachs CEO Lloyd Blankfein was asked if his bank had an obligation to tell clients they were being sold a shoddy product. Blankein said investors knew what they were getting into. If he's right, why would anyone want to bet against them? Jeremy Hobson reports.
Goldman Sachs officials appeared at a Senate hearing, defending themselves against fire over some of the trades the bank was involved in leading up to the financial crisis. The hearing is unrelated to the SEC'S fraud investigation, but the topic was still front and center.