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Old 07-16-2010, 12:35 PM
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Post Goldman Sachs fined record $550m

The Securities and Exchange Commission (SEC) has fined US banking giant Goldman Sachs $550 million (£356 million). The fine, which represents the largest against a financial company in the SECís history, comes as Goldman agreed to settle civil fraud charges over how it marketed a sub-prime mortgage product. The UK’s Royal Bank of Scotland (RBS), lost around [...]

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