Goldman Sachs Announces $5.1B Settlement in Mortgage Probe

Goldman Sachs has agreed to settle a U.S. probe into its handling of mortgage-backed securities for about $5.1 billion, reducing Q4/15 earnings by approximately $1.5 billion after tax.

Goldman Names Carr, Pozzi Co-Heads of Global M&A

Goldman Sachs Group reportedly promoted two bankers at the firm to global co-heads of the M&A group.

Goldman: JPMorgan Should Break Into Pieces

Goldman Sachs Group analysts reportedly said JPMorgan Chase’s parts are probably worth more to investors than the whole after regulators proposed tougher rules penalizing firms for size and complexity.

Goldman Leads Loans to Replace Toys ‘R’ Us Debt

Bloomberg reported Goldman Sachs Group is leading Toys “R” Us loans that will replace existing debt, with commitments from lenders due by Oct. 7, according to Bloomberg data.

Reuters: Blackstone, Goldman Sachs to Buy KKR’s Ipreo

Reuters reported Blackstone Group and Goldman Sachs Group’s buyout arm said they agreed to acquire Ipreo Holdings from KKR.

Bloomberg: Goldman Said to Boost CEO’s Bonus 11% to $21MM

Bloomberg reported Goldman Sachs Group CEO Lloyd C. Blankfein, the highest-paid head of a U.S. bank for 2012, saw his bonus increase 11% to $21 million for his work last year.

Bloomberg: W.R. Grace Said to Cut Rate on Bankruptcy Exit Loan

Bloomberg reported W.R. Grace cut the rate it’s paying on a $900 million loan to support its bankruptcy emergence, citing a person with knowledge of the transaction.

Bloomberg: W.R. Grace Seeks $1.55B for Bankruptcy Exit

Bloomberg reported W.R. Grace is seeking $1.55 billion in loans to support its emergence from bankruptcy.

Bloomberg: Morgan Stanley, Others Arrange $2.93B Chrysler Term Loan

Bloomberg reported that a person with knowledge of the transaction said Morgan Stanley, Citigroup, Bank of America and Goldman Sachs arranged a $2.93 billion loan for Chrysler Group.

Goldman Sachs Said to Arrange Unifrax $450MM Debt Refinancing

Bloomberg reported that Goldman Sachs Group arranged a $450 million debt refinancing for Unifrax, a producer of high-temperature insulation products.