Malaysia Wants Goldman Sachs to Pay $3.3 Billion for 1MDB Role

The transcript discusses the financial implications of a legal case involving Goldman Sachs, with Bloomberg Intelligence reporting potential additional costs. Malaysia is pursuing legal action, holding Goldman Sachs responsible for financial losses. The case involves multiple Goldman Sachs units, and Malaysia's Attorney General emphasizes the need to protect financial institutions. Goldman Sachs plans to defend itself against the charges, claiming they are misdirected, and intends to cooperate with authorities.

What is the estimated additional financial burden on Goldman Sachs according to Bloomberg Intelligence?

• $2.5 billion

• $1.8 billion

• $3 billion

• $1 billion

Which entities are involved in the legal case against Goldman Sachs according to Malaysia?

• Goldman Sachs Africa

• Goldman Sachs Europe

• Goldman Sachs International

• Goldman Sachs USA

What did Malaysia's Attorney General say would happen if no action is taken against Goldman Sachs?

• The financial system would be strengthened

• The financial institutions would take a hit

• The legal case would be dismissed

• The market integrity would improve

By how much has Goldman Sachs' share price fallen due to the legal case?

• 40%

• 34%

• 25%

• 20%

How is Goldman Sachs planning to address the charges against them?

• By admitting guilt

• By ignoring the charges

• By vigorously defending itself

• By settling out of court