Goldman’s op RWAs climb $13bn on 1MDB settlement
Bank settled with Malaysian government for $2.5 billion in July
Operational risk-weighted assets (RWAs) surged 12% to $132.5 billion at Goldman Sachs over the three months to end-June, anticipating the supersized settlement reached with the Malaysian government in July over the 1Malaysia Development Berhad (1MDB) fraud.
It’s the highest level climbed by Goldman’s op RWAs on record, and the biggest one-quarter increase since Q4 2015. The jump accounted for nearly two-thirds of the overall increase in advanced approaches RWAs at the bank over Q2.
In its
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