Goldman Sachs Faces Probe Into Fixed Income Trading

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Mani
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Goldman Sachs Group Inc (NYSE:GS) revealed Friday more regulatory probes into its fixed-income trading and financial advisory businesses. Goldman Sachs Group Inc (NYSE:GS) however did not elaborate on the nature of the probe, what fines it could face or what regulatory bodies are conducting the probe. Record year for corporate bond issuance Citing known sources, Justin Baer and Katy Burne of The Wall Street Journal point out the Securities and Exchange Commission has sent requests for information about how banks, including Goldman Sachs, allocate corporate bond deals and how they traded those bonds after they were sold.  The SEC is reportedly…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports