Goldman Poised to Pay More Than $2 Billion in DOJ’s 1MDB Probe

Goldman Sachs is set to pay over $2 billion to settle with the US Justice Department, avoiding a criminal conviction. This is part of a larger $5 billion in fines related to a scandal involving a Malaysian sovereign wealth fund. The scandal dates back to 2012-2013, with funds allegedly misused for personal gains, including film production. Malaysia has already fined Goldman and dropped criminal charges. Analysts are assessing the total impact, with potential additional fines from Singapore. The settlement helps clarify the financial fallout for Goldman Sachs.

What are the potential consequences for Goldman Sachs if they breach conditions set by authorities?

How has the market reacted to the news of Goldman Sachs' fines?