Goldman Sachs Group

Goldman cuts growth forecasts for Asia’s four 'tiger' economies

(Aug 16): Goldman Sachs Group Inc slashed growth forecasts for the “Asian Tigers” as their exposure to the world economy -- once one of their greatest strengths -- is now backfiring as global growth slows amid trade tensions.

Goldman says Asia's trade slump is showing signs of bottoming

(July 29): There are signs that Asia’s export slump is bottoming out.

That’s according to Goldman Sachs Group Inc. economists who highlight a substantial pick up in exports to the U.S. from Asian economies including Taiwan, Vietnam and India that’s effectively canceling out the fall in shipments from China.

Deutsche Bank faces US DoJ probe over 1MDB

SINGAPORE (July 12): The US Department of Justice is investigating Deutsche Bank AG as part of a broadened probe of Malaysia’s scandal-plagued 1MDB investment fund, according to a person with knowledge of the matter.

Investigators, who have spent years examining Goldman Sachs Group’s lucrative dealings with the fund, are now taking a closer look at a former Goldman executive who later worked at the German bank, said the person, who asked not to be identified discussing the confidential inquiry. US authorities haven’t accused Deutsche Bank or the former employee of wrongdoing.

Goldman ex-chief China economist Tang is poised to join Temasek

SINGAPORE (June 17): Goldman Sachs Group Inc’s former chief China economist MK Tang will join Temasek Holdings after almost seven years at the US bank, according to people familiar with the matter.

Tang will be part of the portfolio strategy and risk group co-headed by Michael Buchanan, said the people, who asked not to be identified as the appointment is not public. Representatives for Temasek and Goldman Sachs declined to comment.

Goldman called by Malaysia regulators to defend role in 1MDB deals

SINGAPORE (Mar 15): Goldman Sachs Group was called on by Malaysia’s market regulator to defend its role in transactions involving troubled state fund 1MDB at the risk of administrative sanctions.

The Securities Commission sent a show-cause letter to the bank in December, asking Goldman to explain why such action shouldn’t be taken against the bank, the regulator said in a Friday statement. The commission has the power to impose administrative sanctions and undertake civil enforcement proceedings as well as criminal prosecutions, the statement added.

Singapore said to expand 1MDB criminal probe to include Goldman

(Dec 21): Singapore has expanded a criminal probe into fund flows linked to scandal-plagued 1MDB to include Goldman Sachs Group, which helped raise money for the entity, people with knowledge of the matter said.

See: Malaysia wants money back from Goldman Sachs, but won’t harm investors to avert credit rating risks

Once among Asia's highlights, Malaysian stocks now set for two-year low

SINGAPORE (Dec 18): Just months ago, Malaysian stocks were among Asia’s highlights. Now they’re heading for some of the biggest monthly losses in the region.

The nation filing criminal charges against Goldman Sachs Group Inc. for its role in the 1MDB scandal was the latest to hit the market, whose benchmark equity gauge is heading for a two-year low and its longest monthly losing streak in a decade. Adding to investor concerns are the slide in oil prices, government spending cuts and the ongoing trade tension between the U.S. and China.

Ex-Goldman banker fights US extradition over 1MDB

SINGAPORE/KUALA LUMPUR (Nov 8): A former Goldman Sachs Group Inc banker is fighting extradition to the US, where he would face charges of money laundering and bribery related to scandal-plagued Malaysian state investment company 1MDB, according to people with knowledge of the matter.

1MDB lawyer who worked with Goldman a target in Swiss probe

(July 31): A former top executive with the Malaysian investment fund 1MDB and a senior lawyer at the fund who worked with Goldman Sachs Group are among six people targeted in a Swiss criminal probe into the multibillion-dollar scandal, according to people familiar with the matter.

Former Goldman banker in 1MDB plea talks with US

(July 10): A former Goldman Sachs Group banker is in talks with US prosecutors to potentially plead guilty to criminal charges stemming from an alleged scheme to steal billions of dollars from a Malaysian state investment fund, the Wall Street Journal reported, citing people familiar with the matter said.

The report said the talks bring the fast-moving investigation closer to Goldman, which raised billions of dollars for 1Malaysia Development Berhad (1MDB).

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