Photographer: Ron Antonelli/Bloomberg

Goldman Says U.S. Mortgage Settlement to Cost $5.1 Billion

  • Resolution includes $1.8 billion in relief to consumers
  • Final deal with Justice Department could still be weeks away

Goldman Sachs Group Inc. said it agreed to settle a U.S. probe into its handling of mortgage-backed securities for about $5.1 billion, cutting fourth-quarter profit by about $1.5 billion and closing out a year of record legal and litigation costs. 

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