A raft of regulatory investigations, fines and lawsuits have followed. Last week, Goldman agreed to pay $22 million to settle regulators’ charges that Goldman analysts shared confidential research with favored clients. In the first quarter, the bank set aside $59 million for litigation and regulatory proceedings.
In Tuesday’s conference call, analyst Mike Mayo asked if the public would ever hear if the government concluded its investigation into Goldman.
“I actually don’t know the answer to that question, Mike,” Viniar replied.
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