Goldman’s results fail to shift fraud fix

GOLDMAN Sachs Group Inc reported blow-out quarterly earnings yesterday, but investors appeared to focus on the US fraud case against the bank as the Irish Financial Regulator examines the implications of the case for Irish regulated funds.

And Britain’s market watchdog launched its own probe.

“While the Financial Regulator cannot discuss supervisory issues related to regulated firms, in such cases, the Financial Regulator would examine whether there were any implications or related exposures for Irish authorised entities and funds,” Mathew Elderfield said.