Goldman Sachs faces new regulatory probes: Filing

New York: Goldman Sachs Group Inc on Friday disclosed more regulatory probes into its fixed-income trading and financial advisory businesses on Friday. In an annual filing with the U.S. Securities and Exchange Commission, the Wall Street bank said regulators are looking into its "allocations of and trading in fixed-income securities" as well as its financial advisory services. In the prior quarter, its long list of regulatory investigations, reviews and litigation into matters ranging from the municipal-bond market to insider trading did not include those terms. Goldman also lowered its estimate of legal losses it may face beyond what it has set aside to $3.6 billion from a previous estimate of $4 billion. Source :  http://zeenews.india.com/business/news/companies/goldman-sachs-faces-new-regulatory-probes-filing_95357.html