Goldman Sachs increased provision - this lowers the income to 85 percent

further, around two billion US-dollars were laid to the side, as the company announced on Friday. at the end of July had reached an agreement with the US inve

Goldman Sachs increased provision - this lowers the income to 85 percent

further, around two billion US-dollars were laid to the side, as the company announced on Friday.

at the end of July had reached an agreement with the US investment Bank Goldman Sachs with the country of Malaysia on a multi-billion payment. The agreement includes a direct payment of $ 2.5 billion to the Malaysian state. A further 1.4 billion dollars from seized assets of 1MDB should be conducted with the help of Goldman Sachs and the U.S. Department of justice back.

default sink profit in the second quarter to 85 per cent

Goldman Sachs, had declared last month that the settlement will exceed the last quarter already travelled 945 million Dollar. The additional provision to lower the gain in the second quarter to 85 per cent, it said.

in 2018, the then Malaysian Prime Minister Najib Razak had stumbled across the affair when it comes to the misappropriation of state assets. Goldman-Sachs-managers are accused of criminal activities around 1MDB is involved in order to get lucrative mandates.

The Bank advises governments around the world. Razak had been sentenced at the end of July in the first of several Corruption trials to up to twelve years in prison. Goldman Sachs 176,66 EUR +4,66 (+2,71%) Tradegate

  • 1 day
  • 6 months
To the price data, The share of Goldman Sachs was quoted then pre-market on the New York stock Exchange Minus 0.93% on 202,35 US Dollar.

    see also:

  • price crashes to record low - The Lira crisis has returned - and Erdogan is still only a Chance
  • Positive return since 1997 - The Always-winners-vault: These shares come through each crisis, Orca, birds, attracts with clever Trick in ambush - one of them is in FOCUS Online/Wochit incident in the "SeaWorld San Diego": Orca lures birds with clever Trick in ambush - one of them is in
Reuters
Updated Date: 08 August 2020, 06:26

You need to login to comment.

Please register or login.

RELATED NEWS