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Asia Times

Asia Times

Covering geo-political news and current affairs across Asia

Tag: David Solomon

Posted inAT Finance, Malaysia

1MDB settlement hurts Goldman Sachs Q4 profits

by John Biers January 16, 2020February 18, 2020

Goldman Sachs reported a drop in fourth-quarter profits on Wednesday following a mixed performance in its operating businesses as it set aside $1.1 billion in anticipation of settlements in the 1MDB scandal. Chief Executive David Solomon said the “preponderance” of the $1.1 billion was related to 1MDB, a scandal-plagued Malaysian investment fund for which the […]

The US investment bank is under fire for its role in 1MDB. Photo: Facebook
Posted inAT Finance, Malaysia

Goldman Sachs’ apology won’t mitigate 1MDB litigation risk

by Shawn W. Crispin January 17, 2019February 18, 2020

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