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Goldman Sachs to pay $5B in mortgage settlement

Posted online April 12, 2016 | 11:46 am

Goldman Sachs Group Inc. agreed to pay $5.1 billion to settle claims it misled mortgage bond investors during the financial crisis.

The U.S. Department of Justice alleged investors lost billions of dollars between 2005 and 2007.

The settlement stems from the firm's conduct in packaging, securitization, marketing and sale of residential mortgage-backed securities.

Read more from Reuters.

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