Tag: Goldman Sachs
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 may sell additional shares or take other actions to support the Arabian Centres shares once they list.
This is a deal worked out between Malaysian investigators and the US Department of Justice, a source tells The Edge Markets.
Brexit delays and cost constrains is hindering Goldman Sachs from opening its consumer bank Marcus in Germany.
Sources say a Singaporean court in recent weeks cleared the way for the funds to be repatriated.
HSBC, which owns about 60% of subsidiary Hang Seng Bank Ltd., has the biggest share across all major banking businesses in Hong Kong.
David Solomon says the bank is focused on resolving the matter 'in the best way we can'.
The internal recommendation by prosecutors is reportedly being considered by senior officials at the DoJ.
Goldman encountered sharp declines in key trading divisions, such as equities and bonds.
Goldman Sachs net income had fallen to US$2.1 billion, down 20.3% from the same period last year.
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.
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 agreed to resolve the case speedily, thus qualifying for a 30% discount to avoid a fine of £49 million (RM262 million).
Wall Street giant's London and Hong Kong officers told to appear at June hearing into US$6.5bil bond
Defence objects to 3-month delay stating Ng may be extradited to the US.
This will give the court more time to serve summons against two of three Goldman Sachs units at the centre of allegations.
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.
The Abu Dhabi state investor says the only exceptions are engagements signed prior to the lawsuit which will continue 'as per contractual terms'.
Menerusi surat tunjuk sebab kebiasaannya penerima menjelaskan mengapa mereka tidak patut dikenakan tindakan disiplin.
If the commission finds a financial institution violated regulations, its powers include issuing fines or revoking operating licences.
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.
Sources say the cuts were announced this week following an annual review of headcount across all divisions and regions.
Goldman Sachs and JPMorgan say some sectors are fairly valued or even expensive, they also see China-related assets where further gains are likely.
The case for a pickup from the current pace is strongest in the US as the drag from a tightening of financial conditions eases.