Goldman Sachs to pay $110 million for violations in the foreign exchange market

To settle the regulators' allegations against Goldman Sachs Group, related to violations in the foreign exchange market, the bank will have to pay 110 million dollars. According to Dow Jones, the bank will pay to the Federal Reserve System of the United States and the New York State Department of Financial Services for 54 million 750 thousand dollars. Regulators found that in 2008-2013, Goldman Sachs traders used chat rooms to exchange information with other participants to get higher profits to the detriment of customers.

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