Goldman to pay Malaysia US$3.9bil over 1MBD scandal

"We view this as positive as GS is closer to removing a key overhang for investors, and this provides added comfort that the total settlement amount should be manageable," wrote Steven Chubak, an analyst at New York-based Wolfe Research

KUALA LUMPUR/NEW YORK: Goldman Sachs will pay US$3.9 billion to settleMalaysia's criminal probe over the U.S. investment bank's role in the multibillion-dollar 1MDB scandal, closing a key front in the multi-jurisdictional investigation that has hung over Goldman.

Goldman Sachs shares rose 0.68% in New York morning trading on the Malaysia news and signals the U.S. Department of Justice could be near closing a similar probe.