Goldman Sachs cuts quarterly profit by 91% after $3.9 billion 1MDB settlement

Business Insider

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· *Goldman Sachs restated earnings on Friday that included a $2 billion boost to litigation reserves related to its 1MDB settlement.*
· *The bolstered legal provisions cut Goldman's second-quarter profit to $373 million from $2.4 billion.*
· *The bank agreed in late July to pay $2.5 billion in penalties and return $1.4...

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