Goldman Sachs may admit guilt, pay US$2bln fine to settle US 1MDB probes

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Goldman Sachs Group is in talks with the US government and a state regulator to possibly pay up to US$2 billion and admit guilt to resolve investigations into its role in a Malaysia corruption scandal, according to a source familiar with the matter. The bank and US officials have discussed a deal in which a Goldman subsidiary in Asia would plead guilty to violating US bribery laws, the Wall Street Journal first reported on Thursday (Dec 19).