It has offered a settlement in a bid to repair its reputation but is being challenged in American courts.

ECONOMIST: Santander and BBVA

Electronic trading has shortened settlement times, lowered bid-ask prices for frequently traded stocks, reduced brokerage costs and improved the flow of information.

FORBES: Lessons From The Flash Crash

Rumors the settlement was coming led investors to bid up Goldman shares 5% on Thursday.

FORBES: Goldman Settles SEC Charges For $550 Million

This was seen by liberal critics as a doomed bid to revive a romantic vision of white settlement in the 18th century.

ECONOMIST: Learning about the past

Mr. Obama's public opinion ratings are worse among Palestinians, who were disappointed the president backed down from a bid to force Israel to agree to a settlement freeze early on in his presidency.

WSJ: Obama to Visit Israel, West Bank

But not only was the firm allowed to keep doing business with the city, the administration went out of its way to make sure it could bid on the next prison contract, which was due in August, weeks after the settlement.

FORBES: Connect