Goldman Ups Estimate of Possible Legal Dangers by $300 Million

Goldman Sachs Group Inc. bumped up its estimate for potential authorized prices by probably the most in additional than a yr.

The Wall Road large’s Sept. 30 estimate for “moderately potential” authorized losses in extra of what’s already put aside rose $300 million from three months earlier, to $2.3 billion, in keeping with a submitting Thursday.

The estimate is separate from authorized prices already incurred, together with the $200 million penalty the agency needed to cough up earlier this yr to settle a probe into WhatsApp messages. In that case, US regulators reached settlements with a dozen banks in a sprawling …