Its year-end estimate of legal costs not appearing in nreserves amounted to US$3.6bn rather than the US$4bn disclosed at the end of Q3. Despite this, the bank said in its annual legal disclosure that regulators are planning to examine its 'allocations of and trading in fixed-income securities' as well as its services in financial advice. The top US banks have been increasing their legal spend over the last few years - but this move by Goldman Sachs is now going in the opposite direction, suggesting that the worst days are over. Source: Investors.com