FSA to meet Goldman Sachs today over US charges

Last week, the FSA confirmed it would investigate Goldmans over charges its US counterpart has levelled against the bank. The SEC alleges Goldmans failed to tell clients who bought a complex debt security during the financial crisis that a hedge fund, Paulson & Co, involved in its construction had shorted the vehicle. It then reaped $1bn from the punt. Goldman has denied the charges, and says it lost money on the deal. The FSA is investigating the US charges for any implications they may hold for UK-regulated entities of the US bank. It says it will take enforcement action if faul...