Trusted News Discovery Since 2008
{{/content}}
Goldman Sachs: Nearly $3 Billion To Settle Charges
Video Credit: Wochit Tech
Published on October 22, 2020 - Duration: 00:33s
Goldman Sachs: Nearly $3 Billion To Settle Charges
Goldman Sachs on Thursday reached a massive settlement with US authorities regarding a years-long financial scandal in Malaysia.
The federal investigation involved the bank's work with Malaysia's 1MDB fund, and found bribes by Goldman executives in their underwriting of $6.5 billion in bond offerings.
In a statement, CEO David Solomon admitted the bank's wrongdoing and said it had improved internal risk controls to prevent another incident.
You are here
Related videos from verified sources
Goldman Sachs to pay $3 billion over 1MDB scandal 02:07
Video credit: Reuters Studio - Published on October 22, 2020
Stimulus Package Is Unlikely Before the Election, Says Goldman Sachs 01:00
Video credit: Cover Video STUDIO - Published on October 22, 2020
Goldman Sachs | Morning Blend 01:15
Video credit: ABC Action News - Published on October 19, 2020