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Goldman Sachs may admit guilt, pay $2 billion fine to settle U.S. 1MDB probes: source
Goldman Sachs Group Inc is in talks with the U.S. government and a state regulator to possibly pay up to $2 billion and admit guilt to resolve investigations into its role in a Malaysia corruption scandal, according to a source familiar with the matter. The bank and U.S. officials have discussed a deal in which a Goldman subsidiary in Asia would plead guilty to violating U.S. bribery laws, the Wall Street Journal first reported on Thursday. The discussions could also involve Goldman installing an independent monitor to oversee and recommend changes to its compliance procedures. Involved in the discussions are three ... (full story)
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Beware of robber banks (RB), bad advisors.
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Beware of robber banks (RB), bad advisors.
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