UK to investigate Goldman Sachs – answers
true/false
- The FSA has accused Goldman Sachs of fraud. F: they have launched an investigation into the bank’s activity
- The UK announcement came after the US had already made accusations against the bank. T
- Goldman Sachs is accused by the US regulators of misleading clients. T: ‘duping’ clients
- The German Bank IKB has also made accusations about Goldman Sachs’ activity just before the banking crisis. F: they are reviewing its financial transactions from that period
- IKB lost most of the money it had invested in Goldman Sachs in 2007. T: ‘almost all’
- The bank will take legal steps against Goldman Sachs. F: it could do but it has no grounds so far
- The German financial regulator is following in the steps of the FSA. T: it is also looking into the circumstances surrounding the US accusation
- Two German banks saw reductions in their share prices this week. T: a 2% slide
- Investors welcome the investigations of the regulatory authorities. F: they fear the authorities will ‘probe deeper’
- Goldman Sachs is expected to announce very large profits this week. T: ‘blockbuster earnings’