Violation Tracker Individual Record

Company: 
Goldman Sachs
Current Parent Company: 
Goldman Sachs
Penalty: 
$330,000,000
Primary Offense: 
mortgage abuses
Violation Description: 

Goldman Sachs and Morgan Stanley reached agreements in principle with the Federal Reserve Board to pay a total of $557 million in cash payments and other assistance to help mortgage borrowers. The Fed did not announce how the amount would be divided between the two companies but the Wall Street Journal reported on January 17, 2013 that Goldman's share would be $330 million.

Year: 
2013
Agency: 
Federal Reserve
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.