· *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...
Goldman Sachs cuts quarterly profit by 91% after $3.9 billion 1MDB settlement
Business Insider
0 shares
1 views
You might like
Related news coverage
The 5 biggest takeaways from earnings season, according to a Wall Street chief stock strategist
· *With two-thirds of S&P 500 quarterly reports released, a team of RBC Capital Markets analysts scoured data and transcripts to..
Business Insider
Fund managers' stock picking accuracy hits 2-year low in July as prices decouple from data, Bank of America says
· *Mutual fund managers largely underperformed their benchmarks in July as macroeconomic focus blocked out stocks' dismal..
Business Insider