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Home » News » Goldman to Pay $270 Million to Settle RMBS Suit; HSBC Must Face NCUA Claims, Judge Rules
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Goldman to Pay $270 Million to Settle RMBS Suit; HSBC Must Face NCUA Claims, Judge Rules

August 7, 2015
Wall Street giant Goldman Sachs this week announced it has set aside $1.45 billion for legal expenses for the second quarter of 2015, bringing its total anticipated legal costs so far to $5.9 billion to settle Department of Justice claims stemming from the sale of vintage non-agency MBS. A good chunk of that figure – $270 million – is expected to be tapped to resolve residential MBS litigation brought by pension funds led by NECA-IBEW Health & Welfare Fund of Illinois ...
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