NEW YORK (AP) — Goldman Sachs said Thursday it will pay roughly $5 billion to settle federal and state probes of its role in the sale of shoddy mortgages in the years leading to the housing bubble and subsequent financial crisis.
Coming nearly eight years after the crisis, the settlement is by far the largest the investment bank has reached related to its role in the meltdown. But the payment is dwarfed by those made by some of its Wall Street counterparts.
TAMPA, Fla. (AP) — Defense Secretary Ash Carter said Thursday it appears a navigational error caused the crews of two Navy boats to stray into Iranian waters in the Persian Gulf, where they were detained overnight by Iran and released.
"They obviously had misnavigated … that's how they believe they ended up in this circumstance," Carter said in an interview in Miami with Fusion network. "They did not report this navigational error at the time. It may be that they were trying to sort it out at the time they encountered Iranian boats. … We don't know that fully yet."
