liquidate

Goldman Sachs Closing Trading Desks, Faces Huge Legal Bills Over Sour Securities

Separately, the company reported, also in its regulatory filing, that it could lose up to $3.4 billion from lawsuits and other disputes over the securities it sold and underwrote.

Goldman Sachs added that their daily trading net revenue was negative for 25 days in 2010.

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Goldman Sachs Group, Inc. (GS) is down 0.07% to $163.67, after it reportedly closed down one proprietary trading desk and is liquidating another to comply with the Dodd-Frank financial regulatory reform law, according to Reuters.

By FNNO Staff
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