Goldman Sachs expected to report bumper profits haul

INVESTMENT bank Goldman Sachs will unveil bumper first quarter profits and bonuses today amid a firestorm over fraud allegations and its ties to the Government.

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YorkshireLive

10:21, 20 APR 2010
Updated03:34, 12 JUL 2013

Investment bank Goldman Sachs is to be investigated after US authorities issued fraud claims against it, the City regulator said today.

The Financial Services Authority (FSA) said it would launch a "formal enforcement investigation" into Goldman in relation to the Securities and Exchange Commission allegations in the US.

Prime Minister Gordon Brown has called for a special investigation into Goldman Sachs after reports that it is to rack up a bonus pot of £3.5 billion for the first quarter and he accused the bank of "moral bankruptcy".

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