GOLDMAN SACHS OBSERVES A FALL IN ITS PROFIT

On Wednesday, Goldman Sachs Group Inc reported a more than expected fall in the quarterly profit.

To cover legal costs for the 1MDB corruption scandal, the Wall Street bank set aside more money, overshadowing a rebound in its trading business.

In the fourth quarter, the bank set aside $1.09 billion ahead of an expected settlement that could reach $2 billion. 

From the provision, the full-year earnings of Gold....