In the Margins

Goldman cuts legal expenses estimate

February 22, 2016

By Reuters

Goldman Sachs Group cut its estimate of legal costs it may face beyond what it has set aside. The bank had estimated in November legal expenses of up to $5.3 billion above what it had already set aside, and it has revised that number down to $2 billion. The Wall Street bank is involved in a number of judicial, regulatory and arbitration proceedings. Read the original story from Reuters.

 

 

Most Read

10 Things
10 Things...to know about BDCs

Congress created business development companies in 1980 to support job growth and help emerging companies raise funds. As of 2023, there were 139 BDCs with $312 ...

Top of the Agenda - Succession
Vanguard nominates two, as two hit retirement

The Vanguard board expects to add two new independent directors in early 2025 to fill seats that will be vacated when two long-serving independents retire. The ...