Topic: Goldman Sachs Group Inc
Goldman to invest more in German fintechs
Frankfurt: Goldman Sachs Group Inc is preparing to invest in more German financial startups at a time when the industry is seeing a record inflow of money as well as a wave of failures.
Invesco’s Levitt advises investors to hold their stocks
NEW YORK: Investors should stick with their stocks despite the sell-off this week because it would be harder to time the market and get back in, according to Brian Levitt, global market strategist for North America at Invesco.
GFL Environmental files for US$1.5b IPO
CALGARY: GFL Environmental Inc., North America’s fourth-biggest waste hauler, filed for an initial public offering that would be the largest in Canada in about five years.
Ex-Goldman banker in plea talks over alleged role in 1MDB
NEW YORK (Bloomberg): Former Goldman Sachs Group Inc banker Roger Ng is still in plea talks to avoid a US trial on charges that he violated American anti-bribery laws and conspired to launder money embezzled from state investment fund 1MDB.
Bond traders bet Korea will lower rate again
SINGAPORE: South Korean bond markets are suggesting the central bank will follow up unexpected interest-rate cut with at least one more amid slowing economic growth and a simmering trade dispute with Japan.
Wall Street slips as bank earnings, Trump trade comments weigh
NEW YORK: US stocks edged lower on Tuesday as quarterly results from banks added to concerns about lower interest rates dampening their profits, while comments from U.S. President Donald Trump on trade also dragged down Wall Street's major indexes.
German bank faces DoJ probe over 1MDB, says report
NEW YORK: The US Department of Justice (DoJ) is investigating whether Deutsche Bank AG broke laws during dealings with 1MDB that included helping it raise US$1.2 billion in 2014, The Wall Street Journ...
‘Is that a typo?’ Australia recoils at record-low yields
SYDNEY: Australia is about to reach its last percentage point of interest-rate ammunition, dragging the country’s economy and markets deeper into the low-yield world that’s already engulfed many of its developed-world peers.
Goldman’s 1MDB case management on Sept 30
KUALA LUMPUR: The Magistrate’s Court here yesterday fixed Sept 30 for mention of the case against Goldman Sachs Group Inc companies over the issuance of bonds involving US$6.5 billion related to 1MD...
Goldman’s 1MDB case management on Sept 30
KUALA LUMPUR: The Magistrate’s Court here today fixed Sept 30 for mention of the case against Goldman Sachs Group Inc companies over the issuance of bonds involving RM26.9 billion related to 1MDB. ...
Two executives linked to 1MDB scandal jailed in Abu Dhabi
DUBAI (BLOOMBERG): Two executives linked to a Malaysia wealth fund scandal were convicted of financial crimes and sentenced to prison in Abu Dhabi, the Wall Street Journal (WSJ) reported, citing people familiar with the matter.
SoftBank plans new fund
KUALA LUMPUR: SoftBank Group Corp is working with Goldman Sachs Group Inc to raise money for its second US$100bil (RM415.7bil) technology investment fund and will begin formally soliciting investors in July, according to sources.
US to return US$200mil 1MDB funds
SINGAPORE: The US authorities are preparing to return about US$200mil (RM826mil) of funds allegedly misappropriated from troubled state fund 1MDB to Malaysia, according to sources.
US Justice staff seek Goldman guilty plea in 1MDB settlement
U.S. Department of Justice staff have made an internal recommendation that Goldman Sachs Group Inc plead guilty as part of any potential settlement over its role in a corruption scandal involving a Malaysian sovereign wealth fund, the Financial Times reported on Wednesday.
UBS tops Asia private banking league
SINGAPORE: UBS Group AG topped the list of the 20 largest wealth firms in Asia for the sixth consecutive year even as assets under management declined in the region, Asian Private Banker (APB) said.
TikTok owner gets US$1.3bil loan from Wall St
HONG KONG: Bytedance Ltd, China’s most valuable startup, has secured a US$1.335bil syndicated loan from a group dominated by Wall Street banks, according to people familiar with the matter.
No plans to sue Goldman in US for now - minister
PARLIAMENT | The government has no intention to sue investment giant Goldman Sachs Group Inc or any other parties in the US over the funds taken from state fund 1MDB. This is in order to focus on loca...