Goldman’s 1MDB Fiasco Nears End With $3.9 Billion Malaysia Pact

(Bloomberg) — Goldman Sachs Group Inc. has reached a $3.9 billion pact with Malaysia, marking a big step in the Wall Street giant’s efforts to resolve its worst scandal since the financial crisis. The settlement includes a payment of $2.5 billion to Malaysia to resolve probes into the U.S. bank’s role in a scheme to plunder the Asian nation’s 1MDB investment fund, the ministry of finance said on Friday. It also guarantees that at least an additional $1.4 billion will come from 1MDB assets seized by authorities around the world, according to a Goldman Sachs statement. Over much of a decade, 1MDB has become shorthand for one of the world’s most daring heists — a conspiracy that spawned probes...