Deal With Malaysia reduces second-quarter earnings by $2 billion

Goldman Sachs Group Inc. restated its second-quarter earnings lower Friday after reaching a $3.9 billion settlement with the government of Malaysia to resolve a long-running investigation into its work for a corrupt investment fund.
That settlement, reached last month just after the quarters end, reduced the banks earnings by $2 billion to $373 million, or 53 cents a share. Previously it had reported profits of $2.4 billion, or $6.26 per share, holding steady during a stretch in which the coronavirus pandemic hammered…