Goldman Sachs (GS) Settlement Cost Could Run $1-$5 Billion

FOX Business Network's Charlie Gasparino reported that Goldman Sachs (NYSE: GS) may settle for as much as $1 Billion to $5 Billion.

Gasparino said, "I've been talking to lawyers and rival CEOs just trying to ballpark it at this point…there is no number, but people are ball parking, and these are CEOs and lawyers, between $1 and $5 Billion...for all I know, the SEC can come in and say give us $100,000,000 if Lloyd Blankfien gets fired. That’s a possibility."

Shares of Goldman Sachs are down 1.6% to $145.77.

You May Also Be Interested In

• argenx completes $77-per-share acquisition of Forte Biosciences
• FibroBiologics ships third CYWC628 batch to Australia for DFU trial
• CalciMedica sets 1-for-5 reverse stock split effective Aug. 28