 City watchdogs, the Financial Conduct Authority and the Prudential Regulation Authority, today fined Goldman Sachs International in London 96.6 million over the Malaysian 1MDB scandal as part of a 2.9 billion global settlement against the investment bank. Goldman Sachs underwrote and arranged three bond transactions for the Malaysian state-owned development company 1MDB that raised 6.5 billion. While the transactions in 2012 and 2013 were carried out by Goldmans overseas divisions, the London arm took part in them and the deals were booked here, the FCA ruled. 