Goldman Sachs has revised its financial results for Q2 2020, increasing the reserve for possible losses from $0.945 billion to $2.96 billion in connection with the criminal case of theft of funds from the Malaysian state fund 1MBD. The bank also agreed to pay the state $3.9 billion to settle claims in this case. Following the increase in the reserve, the net profit of Goldman Sachs for 6 months of 2020 amounted to $1.586 billion, down 3 times from $4.672 billion the previous year.
Goldman Sachs has revised its financial results for Q2 2020, increasing the reserve for possible losses from $0.945 billion to $2.96 billion in connection with the criminal case of theft of funds from the Malaysian state fund 1MBD. The bank also agreed to pay the state $3.9 billion to settle claims in this case. Following the increase in the reserve, the net profit of Goldman Sachs for 6 months of 2020 amounted to $1.586 billion, down 3 times from $4.672 billion the previous year. 
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