3 ms·
The fine is roughly 10% of their Mkt cap [1]. Remember the original $500M fine in 2010? That was truly awful [2]. [1] http://finance.yahoo.com/q?s=GS http://fi
by julienchastang 11y ago
The fine is roughly 10% of their Mkt cap [1]. Remember the original $500M fine in 2010? That was truly awful [2].
[1] http://finance.yahoo.com/q?s=GS http://finance.yahoo.com/q?s=GS
[2] http://www.nytimes.com/2010/07/16/business/16goldman.html http://www.nytimes.com/2010/07/16/business/16goldman.html
- gohrt 11y agoMuch of their market cap is dispersed in the form of compensation to employees and management, so market cap is an underestimate of the profit from activities.