Bank braced for large fine from City regulators

American banking giant Goldman Sachs was today braced for a hefty fine from the UK's City regulator the Financial Services Authority.

Bank braced for large fine from City regulators
Thu, 09 Sep, 2010 - 08:32

American banking giant Goldman Sachs was today braced for a hefty fine from the UK's City regulator the Financial Services Authority.

The fine, which could be announced today, is reported to be £20m (€24m) - one of the heaviest penalties ever levied by the FSA.

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CourtsBusinessHeathrowPlace: UKPlace: USPlace: LondonPerson: Fabrice TourrePerson: TourreOrganisation: Goldman SachsOrganisation: Financial Services AuthorityOrganisation: FSAOrganisation: US Securities and Exchange CommissionOrganisation: SECOrganisation: GoldmanOrganisation: Goldman Sachs International
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