Goldman meets compensation and credit derivatives claims

One of the leaders in the banking industry, Goldman Sachs Group, announced Wednesday, that government agencies asked about its compensation practices and use of credit derivatives. Thus, compensation and credit derivatives have been among the agendum in the financial services industry since the credit crisis became sharp last fall.

Goldman said in a filing with the SEC it is cooperating with the requests from undisclosed regulators. 

Last week, Andrew Cuomo published details on bonuses paid in 2008 to the initial nine banks the government agreed to provide with TARP funds, including Goldman Sachs. Banks that have yet to repay the bailout money face government restrictions on compensation. 

Goldman obtained $10 billion as part of the TARP program, paid out $4.82 billion in bonuses in 2008. 

Goldman shares gain $3.47, or 2.1%, to close at $168.64.