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Goldman Sachs Will Pay $5 Billion To Settle Financial-Crisis Claims
NPR: Goldman Sachs will pay about $5 billion to resolve state and federal investigations into its handling of mortgage-backed securities in the years leading up to the 2008 financial crisis, the bank said today.
The agreement will settle "actual and potential civil claims" by the U.S. Justice Department and the attorneys general of New York and Illinois, as well as the Federal Home Loan Banks of Chicago and Seattle and the National Credit Union Administration, the firm said in a press release issued after the close of trading Thursday.
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