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Wall Street rises on stimulus hopes, Goldman Sachs fined $US3 billion over 1MDB corruption scandal – ABC News
Goldman Sachs will pay nearly $US3 billion over its role in the 1MDB corruption scandal in Malaysia and US stocks eke out a gain as discussion on new coronavirus…
Wall Street investment bank Goldman Sachs has agreed to pay $US2.9 billion ($4.1 billion) over its role in Malaysia’s 1MDB corruption scandal while US stocks have increased despite little signs of progress in stimulus negotiations.
Key points:
- US authorities say the settlement reflects the banks role in a “global scheme to loot billions of dollars”
- The Dow Jones was up 0.5 per cent to 28,364, while the S&P 500 rose 0.5 per cent to 3,453
- The Australian dollar remains steady at 71.2 US cents
The settlement…
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