Goldman Sachs’ 1MDB scar is already fading – ZAWYA

Goldman Sachs’ 1MDB scar is already fading – ZAWYA

goldman sachs' 1mdb scar is already fading the settlement is more than goldman offered last year, but a lot less than the $7.5bln malaysia once wanted    a goldman sachs sign is displayed inside the company's post on the floor of the new york stock exchange (nyse) in new york, u.s., april 18, 2017.(the author is a reuters breakingviews columnist. the opinions expressed are his own.)new york - goldman sachs faces two drubbings for its role in malaysia's 1mdb bribery scandal. the first one came on friday, as the wall street firm pledged to pay the new kuala lumpur government $2.5 billion in cash. the second one, a reckoning with the u.s. department of justice, will now be easier to wind up. the bill for working with 1mdb is looking big enough to sting, but small enough to become just another item on wall street's mile-long rap sheet.the settlement is more than goldman offered last year, but a lot less than the $7.5 billion malaysia once wanted. it comes with a promise to add some more cash if prime minister muhyiddin yassin's government can't recoup seized assets worth at least $1.4 billion - though if malaysia gets back what it's