Goldman to pay $2.9b, claw back executive pay over role in 1MDB scandal

Goldman to pay $2.9b, claw back executive pay over role in 1MDB scandal

REUTERS/Lucas Jackson/File Photo

Goldman Sachs Group Inc on Thursday said it was clawing back $174 million in executive compensation and had agreed to pay $2.9 billion over its role in Malaysia’s 1MDB corruption scandal, lifting a cloud that has hung over the bank for years.

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