Goldman Sachs: 'No Indication' Of SEC Settlement Over Abacus Deal

Goldman Sachs: "No Indication" Of Abacus Settlement
|
Open Image Modal

MONTREAL, June 10 (Reuters) - The president of Goldman Sachs Group Inc (GS.N) said on Thursday that there is "no indication" that the investment bank is close to settling U.S. fraud charges with the Securities and Exchange Commission.

Goldman Sachs President Gary Cohn also said there is no sense of timing on a potential settlement, adding that Goldman's client franchise was strong.

Support HuffPost

At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.

Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting investigations into critical issues facing our country today, or trending stories that make you laugh, we appreciate you. The truth is, news costs money to produce, and we are proud that we have never put our stories behind an expensive paywall.

Would you join us to help keep our stories free for all? Your will go a long way.

Support HuffPost