Goldman Sachs profits soar amid Malaysian fund scandal

The Latest on the extradition of a former Goldman Sachs banker in 1MDB investment fund scandal (all times local): 3:25 p.m......»»

Abu Dhabi state investor Mubadala has suspended any new business dealings with Goldman Sachs since its subsidiary filed a lawsuit in November against the U.S. bank and others to recover losses suffered through its dealings with Malaysian state fund 1MDB......»»

The Federal Reserve on Tuesday barred two former Goldman Sachs executives from the banking industry for their alleged roles in the scandal involving the Malaysian state investment fund 1Malaysia Development Bhd. or 1 MDB......»»

So much for "a few bad apples." Goldman Sachs' decision to underwrite three extremely lucrative bond offerings for doomed Malaysian Sovereign Wealth Fund 1MDB will almost certainly end up costing the bank many mult.....»»

The U.S. Justice Department is set to announce multiple criminal charges on Thursday against two former Goldman Sachs Inc bankers and Malaysian financier Jho Low tied to the Malaysia 1MDB sovereign wealth fund scandal, the Wall Street Journal reported......»»

U.S. authorities have charged a fugitive Malaysian financier and two former Goldman Sachs bankers in a money laundering and bribery scheme that allegedly pilfered billions from Malaysian state investment fund 1MDB......»»

Two senior Goldman Sachs bankers allegedly paid bribes and stole and laundered money from a Malaysian sovereign-wealth fund, U.S. prosecutors said, putting the bank at the center of one of the biggest financial frauds in history......»»

Two senior Goldman Sachs bankers paid bribes and stole and laundered money from a Malaysian sovereign-wealth fund, U.S. prosecutors allege, putting the bank at the center of one of the biggest financial frauds in history......»»

Jonathan Ernst/Reuters Goldman Sachs may still face “significant fines” for its role in financing 1MDB, the $6.5 billion Ma.....»»

Goldman Sachs chief David Solomon made his most forceful defense yet of the firm, which is under fire for its dealings with a Malaysian sovereign wealth fund at the center of an international bribery scandal......»»

Goldman Sachs Chief Executive Officer David Solomon on Wednesday apologized to the Malaysian people for former banker Tim Leissner's role in the sovereign wealth fund 1MDB scandal, but said the bank had conducted due diligence before every transaction......»»

The scandal around a corrupt Malaysian investment fund could cost former Goldman Sachs Group Inc. chief Lloyd Blankfein, and other Goldman executives, millions of dollars in pay, the bank said Friday......»»

Goldman Sachs could withhold millions of dollars in pay from former chief Lloyd Blankfein because of the scandal around a corrupt Malaysian investment fund......»»

Roger Ng, a former Goldman Sachs banker implicated in a multibillion-dollar fraud involving a Malaysian sovereign development fund, 1MDB, will return to the U.S. to face criminal charges in Brooklyn... To view the full story, click the title link......»»

Goldman Sachs Group Inc. slashed Chief Executive David Solomon’s 2020 pay by 36%, punishment for the bank’s admission last year that it broke U.S. laws in its dealings with an investment fund at the heart of a global corruption ring......»»

Goldman Sachs Group Inc reported a bigger-than-expected fall in quarterly profit on Wednesday as the Wall Street bank set aside more money to cover legal costs for the 1MDB corruption scandal, overshadowing a rebound in its trading business......»»

Goldman Sachs is in talks with the U.S. government to pay up to $2 billion and admit guilt to resolve a probe into its role in a sweeping Malaysian corruption scandal, according to a source. Fred Katayama reports......»»

Goldman Sachs Group Inc is in talks with the U.S. government to pay a $2 billion fine and admit guilt to resolve a criminal investigation into its role in a Malaysian corruption scandal, the Wall Street Journal reported on Thursday......»»

Goldman Sachs Group Inc is in talks with the U.S. government to pay a $2 billion fine and admit guilt to resolve a criminal investigation into its role in a Malaysian corruption scandal, the Wall Street Journal on Thursday......»»

In an exclusive interview with Reuters, Malaysian Prime Minister Mahathir Mohamad says he's hopeful of reaching an out-of-court settlement with Goldman Sachs over the 1MDB scandal soon. Julian Satterthwaite reports......»»