Goldman Sachs’s unit obtains Hong Kong banking license

HONG KONG, Aug 19 (Reuters) – A wholly-owned unit of Goldman Sachs Group received a banking license from The Hong Kong Monetary Authority (HKMA), the HKMA announced on Wednesday, in a step that creates a local subsidiary through which the U.S investment bank can book its trades.

Goldman to pay $272 mln to settle mortgage lawsuit

NEW YORK, Aug 13 (Reuters) – Goldman Sachs Group Inc will pay $272 million to settle a lawsuit that claimed the Wall Street bank defrauded investors about the safety of about $6 billion of residential mortgage-backed securities they bought in 2007 and 2008.