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Thursday, June 20, 2019

Tag: Goldman Sachs

Roger Ng’s lawyers receive first of over 1 million documents in...

Prosecutors are working on how to best format and organise the remaining documents, which they will likely send to Ng’s lawyers on a rolling basis.

Goldman Sachs to test Saudi rules to limit stock swings post...

Goldman Sachs may sell additional shares or take other actions to support the Arabian Centres shares once they list.

Ex-Goldman banker Roger Ng in US to face 1MDB charges, says...

This is a deal worked out between Malaysian investigators and the US Department of Justice, a source tells The Edge Markets.

Goldman’s Marcus launch delayed in Germany due to Brexit

Brexit delays and cost constrains is hindering Goldman Sachs from opening its consumer bank Marcus in Germany.

Singapore to return money from ex-Goldman banker in 1MDB case

Sources say a Singaporean court in recent weeks cleared the way for the funds to be repatriated.

HSBC’s fortress Hong Kong faces its biggest threat in years

HSBC, which owns about 60% of subsidiary Hang Seng Bank Ltd., has the biggest share across all major banking businesses in Hong Kong.

No discussion of 1MDB guilty plea with DoJ, says Goldman chief

David Solomon says the bank is focused on resolving the matter 'in the best way we can'.

DoJ seeks Goldman guilty plea in 1MDB settlement

The internal recommendation by prosecutors is reportedly being considered by senior officials at the DoJ.

Goldman Sachs reports lower profits as it eyes Main Street growth

Goldman encountered sharp declines in key trading divisions, such as equities and bonds.

Weak trading results in Goldman Sachs earnings to drop

Goldman Sachs net income had fallen to US$2.1 billion, down 20.3% from the same period last year.

Bank Indonesia chief says rate is on hold amid global risks

Bank Indonesia has kept its key rate unchanged following 175 basis points of hikes between May and November last year to counter an emerging market sell-off.

EU risks ‘trade war’ with Malaysia over palm oil, PM warns

Dr Mahathir Mohamad says while Putrajaya is not promoting a trade war, it is 'grossly unfair for rich people to try and impoverish poor people'.

Goldman Sachs fined £34.3 million

Goldman agreed to resolve the case speedily, thus qualifying for a 30% discount to avoid a fine of £49 million (RM262 million).

New summons for 2 Goldman Sachs units in 1MDB case

Wall Street giant's London and Hong Kong officers told to appear at June hearing into US$6.5bil bond

Prosecution in Roger Ng’s case seeks more time to obtain documents...

Defence objects to 3-month delay stating Ng may be extradited to the US.

Next hearing in Goldman’s 1MDB case on June 24

This will give the court more time to serve summons against two of three Goldman Sachs units at the centre of allegations.

Mubadala tangguh urusan perniagaan dengan Goldman Sachs

Syarikat pelaburan kerajaan Abu Dhabi menggantung sebarang aktiviti dengan Goldman Sach sementara menunggu hasil tindakan undang-undang anak syarikatnya terhadap bank itu dan lain-lain.

Mubadala halts business with Goldman Sachs amid 1MDB lawsuit

The Abu Dhabi state investor says the only exceptions are engagements signed prior to the lawsuit which will continue 'as per contractual terms'.

Suruhanjaya Sekuriti arah Goldman Sachs beri surat tunjuk sebab

Menerusi surat tunjuk sebab kebiasaannya penerima menjelaskan mengapa mereka tidak patut dikenakan tindakan disiplin.

Securities Commission slaps Goldman Sachs with show-cause letter

If the commission finds a financial institution violated regulations, its powers include issuing fines or revoking operating licences.

Ex-Goldman bankers banned from industry over 1MDB scandal

Tim Leissner and Roger Ng have been charged over the theft of billions of dollars from 1MDB, with Leissner pleading guilty to conspiracy to launder money, among others.

Goldman further shrinks commodities trading

Sources say the cuts were announced this week following an annual review of headcount across all divisions and regions.

Goldman, JPMorgan still see upside in China assets after rally

Goldman Sachs and JPMorgan say some sectors are fairly valued or even expensive, they also see China-related assets where further gains are likely.

Goldman: Global economy has bottomed out

The case for a pickup from the current pace is strongest in the US as the drag from a tightening of financial conditions eases.