Bloomberg – Goldman Sachs Group Inc., which agreed to pay $550 million in July to settle a U.S. regulator’s fraud lawsuit, will pay a separate fine to the U.K.’s Financial Services Authority, said a person briefed on the FSA’s decision.
The U.K. regulator found that Goldman Sachs failed to notify it about the U.S. Securities and Exchange Commission’s investigation of the New York-based firm’s Abacus transaction and of employee Fabrice Tourre’s role in it, according to the person, who spoke anonymously because the penalty hasn’t yet been made public.
