Goldman Sachs Group Inc (GS.N) is expecting potential losses from legal proceedings to be up to $2.3 billion more than the reserves it had set aside for such matters as of last year, the investment bank said on Friday.
In 2021, the bank was expecting the likely losses to be $2 billion higher than the reserves.
Goldman has been targeted with lawsuits ranging from the bank’s role in Malaysia’s 1MDB sovereign wealth fund scandal to the collapse of Archegos Capital Management in 2021.
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