Malaysia on Friday said US investment bank Goldman Sachs had agreed to a US$3.9bil (RM16.63bil) settlement with the Malaysian government over the multibillion-dollar 1MDB scandal.br br William Cohan, author of the book "Money and Power: How Goldman Sachs Came to Rule the World," joined CNBC’s "Squawk Box" to discuss about the latest development. br br He said the bank’s top executives had been trying to reach a settlement with Malaysia and now that the deal had been reached, many people think that the amount was more than expected.