Investigators are looking at the firm's "trading activities and communications in connection with the establishment of benchmark rates," Goldman Sachs said in the filing. The company "is cooperating with all such regulatory investigations and reviews."


The WM/Reuters rates determine what many pension funds and money managers pay for their foreign exchange and are used by index providers such as FTSE Group and MSCI Inc. (MSCI) to calculate daily valuations of indexes that span multiple currencies. Even small movements could affect the value of what Morningstar Inc. (MORN) estimates is $3.6 trillion in funds including pension and savings accounts that track global indexes.


The firm also disclosed today that it's "reasonably possible" legal losses rose to $4 billion in the third quarter. The figure, which represents an estimate of how much legal costs may exceed reserves, increased from $3.5 billion in the second quarter and compares to $5.7 billion for JPMorgan and $5.1 billion for Bank of America Corp.

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