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Goldman profits slump on 1MDB legal woes

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......»»

Category: topSource: reutersJan 15th, 2020

Goldman Shares Slump As DoJ Demands Guilty Plea In 1MDB Case

Any investor who has been following DoJ's criminal investigation of the Vampire Squid over.....»»

Category: blogSource: zerohedgeApr 24th, 2019

Former Deputy AG Joins Goldman Legal Team As 1MDB Criminal Charges Loom

With federal prosecutors finally handing down indictments in the long-running 1MDB probe, the Vampire Squid is lawyering up......»»

Category: blogSource: zerohedgeNov 6th, 2018

Goldman Sachs likely to boost legal reserves for 1MDB: analysts

Goldman Sachs Group Inc may need to boost its legal reserves by as much as $1 billion to prepare for potential penalties related to its dealings with the Malaysian sovereign wealth fund 1MDB, analysts said......»»

Category: topSource: reutersDec 5th, 2018

Goldman Sachs" Malaysian Woes Grow as That Country Files Criminal Charges

The disclosures over the 1MDB scandal have weighed heavily on the shares of the Wall Street bank......»»

Category: topSource: barronsDec 18th, 2018

Goldman Partners Ignored "Red Flags" While Pursuing 1MDB Deals: WSJ

As the legal scrutiny facing the infamous "Vampire Squid" intensifies (and the bank's shares languish at two-year lows), slo.....»»

Category: blogSource: zerohedgeDec 18th, 2018

More Legal Woes for Goldman Sachs as Food-Company Client Files Suit

United Natural Foods accuses Wall Street firm of manipulating CDS market to benefit hedge fund clients......»»

Category: topSource: barronsFeb 2nd, 2019

Goldman Sachs faces "tough legal setup" in 1MDB case, says Citi

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMar 1st, 2019

Goldman Sachs misses profit forecasts as legal costs double to more than $1 billion

Richard Drew/AP Goldman Sachs posted its fourth-quarter earnings Wednesday morning.....»»

Category: topSource: businessinsiderJan 15th, 2020

Litigation Costs Weigh on Goldman Sachs Stock After Earnings

Goldman Sachs reported fourth-quarter and full-year 2019 results Wednesday morning that missed on profits but beat on revenues. A litigation charge of $1.1 billion gets the blame......»»

Category: blogSource: 247wallstJan 15th, 2020

Wells Fargo quarterly profit slumps as legal costs mount

Wells Fargo & Co reported a 55% slump in fourth-quarter profit on Tuesday, as the fallout from a sales scandal that erupted in 2016 drove the bank to set aside another $1.5 billion toward legal expenses......»»

Category: topSource: reutersJan 14th, 2020

Facebook"s stock hits record high, signaling recovery after extended historic slump

Shares of Facebook , which have been doggedly crawling their way back from a historic slump after lapses in users' privacy sparked fears of lower profits, on Friday struck an intra-day record high for the first time in over a year......»»

Category: topSource: reutersJan 10th, 2020

Goldman Sachs in talks for Asia unit to admit fault in 1MDB, pay $2B fine

Goldman Sachs Group is negotiating a settlement of the 1MDB scandal that would include an admission of guilt by one of its subsidiaries instead of the parent company, according to people familiar... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkDec 24th, 2019

Goldman may admit guilt in 1MDB probe

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......»»

Category: videoSource: reutersDec 19th, 2019

Goldman in talks for Asia unit to admit guilt in 1MDB scandal

Goldman Sachs Group Inc. is negotiating a settlement of the 1MDB scandal that would include an admission of guilt by one of its subsidiaries instead of the parent company, according to people familiar with the matter......»»

Category: topSource: moneycentralDec 19th, 2019

Goldman Sachs may admit guilt, pay $2 billion fine to settle U.S. 1MDB probes: source

Goldman Sachs Group Inc is in talks with the U.S. government and a state regulator to possibly pay up to $2 billion and admit guilt to resolve investigations into its role in a Malaysia corruption scandal, according to a source familiar with the matter......»»

Category: topSource: reutersDec 19th, 2019

Goldman Sachs in talks to admit guilt, pay $2B fine in 1MDB scandal

Goldma.....»»

Category: topSource: foxnewsDec 19th, 2019

Goldman Sachs in talks to admit guilt, pay $2 bln to settle 1MDB probe: WSJ

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......»»

Category: topSource: reutersDec 19th, 2019

Goldman To Admit Guilt, Pay $2BN Fine And Hire Independent Monitor In Historic 1MDB Settlement

Goldman To Admit Guilt, Pay $2BN Fine And Hire Independent Monitor In Historic 1MDB Settlement Two weeks ago, Bloomberg reported that Goldman Sachs and the DoJ were finally nearing a deal in the federal probe of the Vampire Squid's role i.....»»

Category: blogSource: zerohedgeDec 19th, 2019

Goldman Sachs in talks to pay $2B fine, admit guilt in 1MDB probe, WSJ says

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallDec 19th, 2019

Goldman in talks to admit guilt in 1MDB probe, pay $2B settlement, WSJ says

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallDec 19th, 2019