Goldman Sachs to pay $5 billion to settle financial crisis claims, and other business news
Goldman Sachs will pay $5 billion to settle investigations into its actions during the 2008 financial crisis.
The tentative deal calls for the investment firm to pay a $2.4 billion civil penalty. It will also pay $875 million in cash and provide $1.8 billion in consumer relief, which will include loan forgiveness for underwater homeowners and distressed borrowers.
In other business news, Brides Magazine is offering a private consultation with a fashion editor and other perks. The package includes a peek inside the magazine’s fashion closet and a tour of its offices in One World Trade Center.
The advice and visit to the office doesn’t come cheap: The price tag for the "Bridal Style Package" is $12,500.