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Monday, March 4, 2013

Market Chatter-Corporate finance press digest, (NYSE: GS)

The following corporate finance-related stories were reported by media on Tuesday: * The City of London's big banks are considering suing the European Union over rules to cap bonuses after receiving legal advice that the pay regulation could be struck down in court, the Financial Times reported* Goldman Sachs Group Inc is trying to find ways to keep investing in the profitable, albeit risky, business of buying and selling companies without crossing a rule that will restrict private equity investing, three sources familiar with the new business said over the past week.

The Goldman Sachs Group, Inc. (Goldman Sachs) is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS traded higher by 1.1% or $1.65/share to $152.18. In the past year, the shares have traded as low as $90.43 and as high as $159.00. On average, 4538610 shares of GS exchange hands on a given day and today's volume is recorded at 3209780.