News Formal

Goldman Sachs cuts earnings to pay for 1MDB settlement

  • 📰 malaysiakini
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The revised earnings reflect a larger-than-previously-announced provision for legal and regulatory costs.

Goldman Sachs Group Inc on Friday lowered its previously stated quarterly earnings as the bank set aside more money to pay for its settlement with the Malaysian government over the multi-billion 1MDB scandal.

Goldman Sachs Group Inc lowered its net earnings applicable to common shareholders to US$197 million from US$2.25 billion, in a filing published on Friday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ex-AG suggested govt settle Goldman Sachs case out of court, says finance ministerTengku Zafrul Aziz reveals that a letter dated Feb 13, 2020 shows Tommy Thomas had suggested the government go for a out of court settlement FMTNews GoldmanSachs
Source: fmtoday - 🏆 5. / 72 Read more »