“As these charges pile on, Goldman Sachs will be compelled to do everything it can to settle this case,” said Mayra Rodriguez Valladares, a bank and capital markets regulatory consultant at MRV Associates. “If not, it runs the risk that more adverse news will be coming out if it gets embroiled in litigation.”

“The longer this goes on, Goldman Sachs will have to increase its reserve to pay for legal costs. In addition, the more that this scandal drags out, bank regulators in Malaysia and the US are likely to send in bank examiners to conduct specialty exams to compel Goldman Sachs to improve its risk management and its controls,” she told Asia Times.