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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

S&P 500 bull market will soon end: Goldman Sachs

Goldman Sachs said on Wednesday the S&P 500 bull market, the longest on record, is likely to end soon, forecasting a 28% slump from its February peak as the fast-spreading coronavirus is seen taking a toll on corporate profits......»»

Category: topSource: reutersMar 11th, 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 cuts quarterly profit by 91% after $3.9 billion 1MDB settlement

Richard Drew/AP Goldman Sachs restated earnings on Friday .....»»

Category: topSource: businessinsiderAug 7th, 2020

Former Malaysian PM Found Guilty in 1MDB Money Laundering Case Involving Goldman Sachs

Former Prime Minister of Malaysia Najib Razak was found guilty by a court in Malaysia on Monday in a money laundering case involving Goldman Sachs Group, Inc (NYSE: GS), the Wall Street Journal read more.....»»

Category: blogSource: benzingaJul 28th, 2020

Goldman Sachs reaches $3.9 billion settlement in 1MDB scandal

Investigators had linked the Malaysian sovereign wealth fund to a multibillion-dollar money laundering scheme......»»

Category: topSource: washpostJul 27th, 2020

Goldman Sachs just reached a $3.9 billion settlement with Malaysia over its role in the 1MDB scandal. An exec who built the trades is still there — and has only gained influence

Goldman Sachs just signed a $3.9 billion agreement with Malaysia over its role in the 1MDB scandal, according to a company statement.  The agreement .....»»

Category: topSource: businessinsiderJul 24th, 2020

Goldman announces settlement agreement with Malaysia over 1MDB

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: theflyonthewallJul 24th, 2020

Goldman Sachs reaches $3.9B settlement in 1MDB money-laundering case

Goldman has agreed to pay the government of Malaysia $2.5 billion and to guarantee that it gets at least $1.4 billion in proceeds from assets that have been seized around the globe......»»

Category: topSource: foxnewsJul 24th, 2020

Goldman Sachs reaches $3.9B settlement with Malaysia over 1MDB, Bloomberg 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: theflyonthewallJul 24th, 2020

Goldman Sachs and Wells Fargo slump in pre-market trading after the Fed caps dividends and bans buybacks

REUTERS/Danny Moloshok Bank stocks slumped in pre-market trading on Friday after the Federal Reserve capped divi.....»»

Category: topSource: businessinsiderJun 26th, 2020

Legal Woes Force Illinois Carrier To File For Bankruptcy Protection

Park Transportation Inc. of Bensenville, Illinois, has filed for Chapter 11 bankruptcy.  read more.....»»

Category: blogSource: benzingaJun 12th, 2020

Goldman Sachs attempting to avoid pleading guilty in 1MDB scandal, NYT reports

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: theflyonthewallJun 12th, 2020

Goldman Resists DoJ Pressure To Plead Guilty In 1MDB Case

Goldman Resists DoJ Pressure To Plead Guilty In .....»»

Category: blogSource: zerohedgeJun 11th, 2020

Goldman traders gain $1 billion in commodities revenue after oil slump

Goldman Sachs Group Inc commodities unit generated more than $1 billion in revenue this year through May as traders positioned their bets for the collapse in oil prices, a source familiar with the group's finances said on Wednesday......»»

Category: topSource: reutersJun 10th, 2020