Morning Scan: Goldman to Pay $5B Fine; Basel Committee Eases Trading Rules

Breaking News This Morning … Earnings: It’s a banner day for 4Q reports from megabanks and regionals: Citigroup, Wells Fargo, U.S. Bancorp, PNC and Regions Financial. And there are two M&A deals in Chicago, from buyers Wintrust and Royal Financial. Goldman Sachs Faces Huge Fine: Goldman Sachs will pay the largest regulatory penalty in its history as part of a settlement regarding its sale of mortgage bonds before the financial crisis. Goldman settled with the complainants, which…
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