Goldman Sachs Group Inc. raised the top end of its range of
"reasonably possible" legal expenses to about $5.9 billion, the
Wall Street firm said Monday in a regulatory filing.
The estimate, which tracks potential losses above what already
was set aside in reserves, was at about $3.8 billion in May.
In the same filing, Goldman said it was in talks with U.S. and
state authorities to resolve claims stemming from the firm's sales
of mortgage bonds headed into the financial crisis.
"A resolution," the firm wrote in the filing, "may result in
significant penalties and other costs."
Goldman had set aside $1.45 billion during the second quarter in
legal provisions to account for the potential settlement.
Many of Goldman's peers, including Morgan Stanley, have struck
multibillion-dollar agreements to settle similar claims.
Write to Justin Baer at justin.baer@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires