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Goldman could reportedly settle for less than $2 billion following multiple probes over Malaysian investment fund — and that’s lower than expected

1MDB Malaysia Development Berhad

  • Goldman Sachs could settle for under $2 billion to resolve US probes into the bank’s involvement with 1MDB, a Malaysian investment fund surrounded by scandals, Bloomberg reported.
  • The sum — which could be between $1.5 billion and $2 billion — is far less than analysts expected, according to Bloomberg.
  • The bank has been subject to probes by the Justice Department and other federal agencies over its role in raising capital for the now-insolvent fund.
  • Watch Goldman Sachs trade live on Markets Insider.

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Source:: BusinessInsider.Com