Friday, May 9, 2014

Fw: GS: Goldman confirms probe of overseas hiring practices; HFT investigation too

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From: Seeking Alpha <account@seekingalpha.com>
Sender: account@seekingalpha.com
Date: Fri, 9 May 2014 11:39:38 -0400
To: <mainandwall@hotmail.com>
Subject: GS: Goldman confirms probe of overseas hiring practices; HFT investigation too

Goldman confirms probe of overseas hiring practices; HFT investigation too • 11:38 AM

  • In its 10-Q, Goldman Sachs (GS) says it expects litigation expenses to remain "high" and discloses a boost to reserves to $3.7B from $3.6M. Rumored a few days ago, Goldman is indeed under scrutiny for possible violations of the Foreign Corrupt Practices Act.
  • The bank also says it's under investigation over high-frequency trading, though it didn't specify which agency is having a look.
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