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Nation

Goldman Sachs CEO on 1MDB scandal: This is not us

NEW YORK (Bloomberg): David Solomon had a message for Goldman Sachs Group Inc employees shaken by the firm’s involvement in a multibillion-dollar fraud scandal: This isn’t us.

Nation

Goldman Sachs CEO: I feel horrible ex-bankers broke law in 1MDB case

SINGAPORE (Reuters): Goldman Sachs chief executive officer David Solomon said on Wednesday he felt "horrible" that two former employees "blatantly broke the law" in their dealings with 1Malaysia Development Berhad.

Business

Goldman Sachs faces questions in Europe

LONDON: Goldman Sachs is facing a potential backlash in Europe over the fraud case brought against it in the United States, with Britain's Prime Minister Gordon Brown calling for authorities there to investigate and accusing the investment bank of moral bankruptcy.

Business

Judge approves US$550mil Goldman Sachs civil fraud settlement

NEW YORK: A federal judge on Tuesday approved the deal calling for Goldman Sachs Co. to pay US$550 million to settle civil fraud charges that the Wall Street giant misled buyers of mortgage-related investments.

Nation

Over 30 Goldman Sachs execs, top bosses reviewed 1MDB deals

PETALING JAYA: Over 30 Goldman Sachs executives including bank boss David Solomon and his predecessor, Lloyd Blankfein reviewed the 1Malaysia Development Berhad (1MDB) deals, according to sources familiar with the approval process.

Business

Three female ex-employees allege bias at Goldman Sachs

WASHINGTON: Three women who formerly worked for Goldman Sachs Co. are suing the big Wall Street firm for what they say is rampant gender discrimination that unfairly favors men in pay and promotions.

Business

Warren Buffett, Goldman Sachs in US$500mil assistance drive

NEW YORK: Goldman Sachs Group Inc. said Tuesday it is teaming with billionaire investor Warren Buffett to invest US$500 million to provide thousands of small business owners across America with college scholarships and boost their access to capital.

Business

Goldman Sachs apologises for ex-banker's role in 1MDB scandal

BENGALURU: Goldman Sachs Group Inc Chief Executive Officer David Solomon on Wednesday apologised to the Malaysian people for former banker Tim Leissner’s role in the sovereign wealth fund 1MDB scandal, but said the bank had conducted due diligence before every transaction.

Nation

Jho Low maintains innocence in wake of criminal charges filed against Goldman Sachs

PETALING JAYA: Fugitive financier Low Taek Jho, better known as Jho Low, has denied any wrongdoing in the wake of Malaysian authorities filing criminal charges against Goldman Sachs and several others, including him.

Nation

AGC files criminal charges against subsidiaries of Goldman Sachs and employees

PETALING JAYA: The Attorney-General Chambers has filed criminal charges against subsidiaries of investment bank Goldman Sachs and its key employees over the handling of bonds issued by 1Malaysia Development Bhd (1MDB) totalling USD6.5bil (RM27.2bil).