Goldman Sachs could wind up paying about $621m (€506m) to reach a settlement that would end the fraud lawsuit against the investment bank and trader Fabrice Tourre, an analyst said on Thursday.

Brad Hintz, the former Lehman Brothers chief financial officer who is now a banking analyst for Bernstein Research, believes the Securities and Exchange Commission would agree to a $250m fine based on previous settlements between the government and Wall Street. Further, he said Goldman will likely be made to redeem $371m from investors who had money in the securities that are at the root of the investigation.