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Business

Warren Buffett's Berkshire buying US$5b stake in Goldman Sachs

Warren Buffett's Berkshire Hathaway Inc. is investing at least $5 billion in Goldman Sachs, a huge vote of confidence for one of the survivors of the credit crisis that felled two of its investment banking peers.

Nation

Malaysia seeks RM31.3bil in reparations from Goldman Sachs

KUALA LUMPUR (Reuters): Malaysia is seeking US$7.5bil (RM31.3bil) in reparations from Goldman Sachs Group Inc over its dealings with scandal-linked state fund 1MDB, the Financial Times reported on Friday, citing Finance Minister Lim Guan Eng.

Business

Malaysia seeks US$7.5b in reparations from Goldman Sachs

KUALA LUMPUR: Malaysia is seeking US$7.5bil in reparations from Goldman Sachs Group Inc over its dealings with scandal-linked state fund 1MDB, the Financial Times reported on Friday, citing the country’s finance minister.

Business

Chinese bestseller slams Goldman Sachs for crisis

SHANGHAI: Goldman Sachs Co., reviled in the U.S. for its role in the financial crisis, is now getting hammered in the world's No. 2 economy with a sensationalist new book accusing the investment bank of trying to destroy China.

World

Abu Dhabi state investor Mubadala halts business with Goldman Sachs amid 1MDB lawsuit

DUBAI/ABU DHABI (Reuters): Abu Dhabi state investor Mubadala has suspended new business dealings with Goldman Sachs since its subsidiary filed a lawsuit in November against the US bank and others to recover losses suffered through its dealings with Malaysian state fund 1MDB.

Business

Goldman Sachs, US agency in mortgage settlement worth $1.2 billion

NEW YORK: Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday.

Business

Goldman Sachs sued by Abu Dhabi fund over 1MDB bribe scandal

NEW YORK: Goldman Sachs Group Inc. was sued by an Abu Dhabi investment fund that claims it suffered losses from the bank’s “central role” in the 1MDB Malaysian fraud and bribery scandal.

Nation

PM: American prosecutors to help return Goldman Sachs money

PETALING JAYA: US prosecutors have promised to help return money Goldman Sachs Group Inc received for its dealings with troubled Malaysian state fund 1Malaysia Development Bhd (1MDB), says Tun Dr Mahathir Mohamad.

Nation

Goldman Sachs staring at ‘significant penalties’

PETALING JAYA: Goldman Sachs Group has acknowledged that it may receive “significant penalties” resulting from its deals with 1Malaysia Development Bhd (1MDB).

Nation

Malaysia to summon two Goldman Sachs units ahead of 1MDB case

KUALA LUMPUR (Reuters): Malaysian prosecutors on Monday said they would issue summonses to units of US investment bank Goldman Sachs in London and Hong Kong, requiring them to respond by June to criminal charges filed against them last year.