Goldman Sachs US settlement over Malaysia 1MDB scandal to lift dark cloud

Goldman Sachs Group Inc this week will agree to pay more than US$2 billion to settle the US charges over its role in Malaysia's 1MDB corruption scandal, lifting a dark cloud that has hung over the bank for years.

Under the agreement with the US Department of Justice and other regulators, the bank will admit fault for its role in underwriting bond offerings that raised US$6.5 billion for the Malaysian state fund, according to media reports on Tuesday...