Goldman CEO Solomon, Blankfein Face Pay Claw Back on 1MDB

The transcript discusses Goldman Sachs' $5 billion fine under the Foreign Corrupt Practices Act, highlighting its significance as the largest fine in history for such a crime. It explores the implications for Goldman Sachs, including the impact on client relationships and executive pay. The discussion also covers potential future fines from other countries and the broader context of banking industry fines. The transcript concludes with a focus on Goldman's efforts to improve compliance and rebuild relationships.

What are the potential future consequences for Goldman Sachs following this fine?

In what ways might the new administration affect the enforcement of financial regulations?