Financial regulators in Britain and Germany said Monday that they will open investigations to see whether Goldman Sachs’s sale of mortgage securities broke any local laws after the disclosure that two European banks lost money on what US officials allege were fraudulent deals. London’s Financial Services Authority and Germany’s BaFin regulatory agency said they were coordinating with the US Securities and Exchange Commission’s investigation of Goldman’s sale of an investment that, the SEC charges, was structured to fail.
0 minute readBritish, German regulators to probe Goldman’s sale of mortgage securities
April 23, 2010, 2:10pm
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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