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Goldman Sachs settles 1MDB scandal with Malaysia for $3.9bn

The US bank will make a cash payment to the Malaysian government as part of the deal.

The UK savings arm of the US giant says it needs to close its account to new customers due to regulations.

Oil has been hit disproportionately by the coronacrisis, sending landlocked crude prices into negative territory, Goldman Sachs analysts said.

The global market anticipates a large demand shock and loss in crude demand, says investment bank.

Goldman Sachs is advising Megvii, but the US has put the Chinese AI firm on a human rights blacklist.

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