Key takeaways
- Goldman Sachs has been fined $6 million for inaccurate and incomplete trading info by the SEC
- The bank is closing in on finding a buyer for its nightmare GreenSky acquisition, which is expected to sell for only $500 million
- Goldman Sachs shares have slid over 4% in a week
Banking giant Goldman Sachs has landed itself in hot water with the SEC after failing to provide complete and accurate information to the regulator for ten years. The result? Goldman has been slapped with a $6 million fine as punishment.
The embattled bank has been hitting the headlines recently with both good and bad news – though this latest twist doesn’t exactly do Goldman Sachs any favors with its clients or investors. As for the stock price, it’s headed on a downward trajectory.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased