Goldman Sachs Group Inc said losses related to ongoing lawsuits could possibly e...
FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photo
The amount disclosed in the filing is considered as a separate accounting item from legal reserves, and covers all matters considered “reasonably possible”, the bank said. Apart from the lawsuits Goldman is already facing, it is being investigated by Malaysian authorities and the U.S. Department of Justice for its role as underwriter and arranger of three bond sales that raised $6.5 billion for 1Malaysia Development Berhad.
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