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Wednesday, November 9, 2011

GS vs Italy















9:32 AM In a 10-Q filing today, Goldman Sachs (GS -3.9%) discloses that AIG has threatened to sue over its MBS dealings with the firm. Goldman also raises its expectations of costs stemming from mortgage-related lawsuits from $485M to $15.8B.


6:25 AM Sources say Goldman Sachs (GS) is looking to raise about $1.5B by unloading part of its stake in Industrial and Commercial Bank of China (ICBC). Shares of ICBC have recovered about 50% from their October lows.