U.S. Is Discussing Goldman 1MDB Settlement Below $2 Billion
- Accord would end Justice Department, Fed and SEC probes
- Bank is also separately negotiating with Malaysian authorities
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Goldman Sachs Group Inc. could end up paying less than $2 billion to resolve U.S. criminal and regulatory probes over its role in raising money for scandal-ridden Malaysian investment fund 1MDB, said three people familiar with the negotiations.
The Justice Department and other federal agencies, in internal discussions held in recent weeks, have weighed seeking penalties between $1.5 billion and $2 billion, the people said. That’s less than what some analysts have signaled Goldman might have to pay. While a settlement could be announced as soon as next month, the terms could change before a deal is finalized, said the people who asked not to be named in discussing private negotiations.