Goldman Sachs Says EU Accuses Firm in Cable Price-Fixing
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Goldman Sachs Group Inc., the fifth-biggest U.S. bank by assets, said the European Commission told the firm it may have to pay fines in a case relating to price fixing by power-cable companies.
The European Commission issued a “statement of objections” that proposed making the firm liable for some or all of any fine levied against an Italian cable company in which Goldman Sachs funds held stakes, the New York-based bank said in a filing with the U.S. Securities and Exchange Commission today.