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April 21, 2010

Goldman Profits Increase; UK Regulators Open Probe
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The Wall Street bank Goldman Sachs has announced a 90 percent increase
in quarterly profits. On Tuesday, Goldman posted a $3.5 billion profit
for the first quarter and said it’s setting aside over $5 billion in
employee compensation. Meanwhile, regulators in Britain have opened a
formal investigation of Goldman for selling a mortgage investment that
was established to fail. The Securities and Exchange Commission brought
a civil suit accusing Goldman of securities fraud in the case last week.



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