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GS Goldman Sachs Group Inc

468.00
3.48 (0.75%)
18 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Goldman Sachs Group Inc NYSE:GS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  3.48 0.75% 468.00 468.6594 464.25 466.38 1,656,081 01:00:00

Philadelphia Sues Seven Banks Over Municipal Bond Rates -Bloomberg

21/02/2019 7:07pm

Dow Jones News


Goldman Sachs (NYSE:GS)
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--Seven banks are being sued by the city of Philadelphia, which alleges they colluded to fix the prices of certain municipal bonds, Bloomberg reports Thursday.

--Philadelphia says the banks worked together to raise the interest rates on the bonds, the report said.

--The banks named in the suit were Bank of America Corp. (BAC), Barclays PLC (BCS), Citigroup Inc. (C), Goldman Sachs Group Inc. (GS), JP Morgan Chase & Co. (JPM), RBC Capital Markets LLC and Wells Fargo & Co. (WFC), the report said.

--A Citigroup spokesman declined comment and the other banks were unavailable to comment, the report said.

 

Full story: https://www.bloomberg.com/news/articles/2019-02-21/philadelphia-sues-seven-banks-over-collusion-in-muni-pricings

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

February 21, 2019 13:52 ET (18:52 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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