Goldman Sachs to pay US$2 billion to settle 1MDB probe - WSJ
Goldman Sachs Group Inc is in talks with the US government and a state regulator to possibly pay up to US$2 billion and admit guilt to resolve investigations into its role in a Malaysia corruption scandal, according to a source familiar with the matter.
Involved in the discussions are three federal regulators - the US Department of Justice, Securities and Exchange Commission and the Federal Reserve - and New York's Department of Financial Services, according to the source. Goldman has been investigated by regulators in at least 14 countries, including the US, Malaysia, Singapore and others, for its underwriting role and what it did and did not know at the time of the transactions.
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