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  • Goldman Sachs reported a drop in fourth-quarter profits Wednesday on mixed performance in its operating businesses as it set aside $1.1 billion for legal and regulatory matters. The investment bank reported profits of $1.7 billion for the quarter ending December 31, a 25.8 percent drop compared with the year-ago period. Goldman Sachs has been in talks with US prosecutors to settle a criminal probe into 1MDB, a scandal-plagued Malaysian investment fund for which the US bank worked. jmb/ch
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  • Goldman Sachs reports 25.8% drop in 4Q profits on $1.1 bn legal costs
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