LONDON (Reuters) - U.S. banking giant Goldman Sachs has been fined 96.6 million pounds ($126.4 million) by British regulators for risk-management failures in connection with Malaysia’s 1MDB corruption scandal.
The Financial Conduct Authority and Prudential Regulation Authority said the fines are part of a $2.9 billion globally agreed penalty against the bank.
($1 = 0.7644 pounds)
Reporting by Iain Withers; Editing by David Goodman
Our Standards: The Thomson Reuters Trust Principles.