Goldman Sachs reaches $5 billion settlement over toxic mortgage bond claims

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Goldman Sachs said Thursday that it reached a $5 billion settlement over claims related to toxic mortgage bonds sold to investors in the run up to the financial crisis. The agreement, which would still need to be finalized, would resolve actual and potential civil claims brought by the U.S. Department of Justice and other parties, relating to the firm’s securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007. Click the headline to read more.

Source: Goldman Sachs reaches $5 billion settlement over toxic mortgage bond claims

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