Goldman Banks Go To Jail News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sanctions. remember, the bank admitted these crimes. what was the punishment? ceo stuart gulliver agreed to say he was sorry. in fact, he was profoundly sorry. the bank paid a find that amounted to half of its profits for three months. not only is he still ceo, but hsbc increased his salary to on $12 million. in 2016 goldman sachs admitted to defrauding its investors calls in them to lose billions of dollars. did any goldman banks go to jail? no, they paid a fine and went to work. this is what the holder memo led to. instead of pressing criminal charges, they negotiate deferred prosecution agreements. basically the company acknowledges wrongdoing pays a find and pledges to improve ....

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