Goldman expects $2.3 billion more in potential losses from legal disputes

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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.

A long-running gender bias lawsuit alleging widespread bias against women in pay and promotions at the Wall Street bank is also expected to head to trial later this year.