Goldman Sachs then CEO Blankfein attended meeting at center of $6.5 billion Malaysian wealth fund scandal

Goldman Sachs may still face “significant fines” for its role in financing 1MDB, the $6.5 billion Malaysian wealth fund at the heart of a corruption probe, according to Bloomberg. Court documents in the US show an unidentified Goldman executive was involved in a 2009 meeting Malaysia’s Jho Low. Low has been charged with money laundering and bribery by US authorities, […]

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Goldman Sachs to name David Solomon CEO on Tuesday, replacing Lloyd Blankfein: Sources

Goldman Sachs will name president, David M. Solomon, to succeed Lloyd C. Blankfein as its next chief executive on Tuesday, sources familiar with the situation said. The news will be disclosed to all the company’s managing directors in a conference call Tuesday morning, according to the sources, who declined to be identified speaking about management’s plans. The New York-based investment […]

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