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Goldman warns legal losses could be $1.9bn more than expected

US bank says it could face further losses on legal cases including 1MDB scandal, over and above the provisions it has already made

Goldman Sachs has warned that ongoing lawsuits, including cases related to the fraud at 1MDB, could cost the bank up to $1.9bn more than it planned for.

The US bank had already put aside $844m for litigation and regulatory proceedings in 2018, a near 350% increase on the $188m allocated in 2017.

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