Goldman's profit affected by provisions for 1MDB-related fines.
BANKING AND CREDIT NEWS-January 16, 2020--Goldman's profit affected by provisions for 1MDB-related fines
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Global Banking News - 16 January 2020
Goldman Sachs (NYSE: GS) has posted a fall in its fourth quarter profit as the firm is preparing to pay a fine related to the 1MDB scandal.
The firm, which reported mixed performance in its operating businesses, has set aside USD1.1bn to deal with anticipated settlements in the 1MDB scandal in Malaysia.
The bank reported a 25.8 percent drop in...
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