Wall Street rises on stimulus hopes, Goldman Sachs fined $US3 billion over 1MDB corruption scandal – ABC News

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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