Goldman Sachs - updates

Rappler's latest stories on Goldman Sachs


Malaysia files charges against 17 current, ex-Goldman execs over 1MDB

Aug 09, 2019 - 2:38 PM

Billions of dollars are looted from the country's sovereign wealth fund 1Malaysia Development Berhad in a globe-spanning fraud

KUALA LUMPUR - JULY 12: Board showing 1MDB on July 12, 2015 at KL Malaysia. The scandal on 1MDB involved money transferred to Malaysia Prime Minister's personal bank account.  F By Faiz Zaki

Ex-Goldman banker pleads not guilty on 1MDB charges in U.S. court

May 07, 2019 - 10:03 AM

Malaysian Ng Chong Hwa, a former managing director at the bank charged in both Malaysia and America over the 1MDB fraud, is extradited to the US, Malaysian attorney-general Tommy Thomas says

Malaysia ex-PM Najib goes on trial over 1MDB mega-scandal

Apr 03, 2019 - 12:07 PM

(UPDATED) Najib Razak faces the first of several trials over his alleged involvement in the looting of sovereign wealth fund 1MDB, a state investment vehicle established to develop the economy of the Southeast Asian nation

TRIAL. File photo of Malaysia's former prime minister Najib Razak. Photo by Mohd Rasfan/AFP

Goldman Sachs CEO defends bank in 1MDB scandal

Dec 22, 2018 - 7:21 PM

'I cannot stress enough how integrity is a cornerstone of our culture,' newly-installed chief David Solomon says

Goldman says former Malaysia gov't lied, after charges filed

Dec 18, 2018 - 2:21 PM

Goldman says in a statement that 'certain members of the former Malaysian government and 1MDB lied to Goldman Sachs, outside counsel and others about the use of proceeds from these transactions'

HEADQUARTERS. The Goldman Sachs Manhattan headquarters stands in Manhattan on December 17, 2018 in New York City. Malaysia has filed criminal charges against Goldman Sachs and two former executives on Monday over their alleged role in the ransacking of a multibillion-dollar state investment fund. Photo by Spencer Platt/Getty Images/AFP

Malaysia files charges against Goldman over 1MDB scandal

Dec 17, 2018 - 7:28 PM

Goldman subsidiaries and ex-bankers Tim Leissner and Ng Chong Hwa are accused of misappropriating $2.7 billion, bribing officials and giving false statements

WikiLeaks releases Clinton speeches for Goldman Sachs

Oct 16, 2016 - 10:48 AM

Clinton s remarks are not dramatically out of step with her public remarks on the same issues though they may read as a bit more forthright in style

Democratic presidential nominee Hillary Clinton speaks during a fundraiser at the Paramount Theater October 14, 2016 in Seattle, Washington. Brendan Smialowski/AFP

US subpoenas Goldman Sachs over 1MDB Malaysia scandal

Jul 30, 2016 - 5:14 PM

US regulators want to see if Goldman Sachs followed US banking laws that requires banks and financial institutions to report suspicious transactions

1MDB. A Malaysian woman walks past a billboard with the 1Malaysia Development Berhad (1MDB) logo in Kuala Lumpur, September 22, 2015. File photo by Manan Vatsyayana/AFP

Spotify raises $1B in funding – report

Mar 30, 2016 - 5:35 PM

Private equity firm TPG hedge fund Dragoneer Investment Group and clients of Goldman Sachs are taking part in the deal according to the Wall Street Journal

SPOTIFY. Image from Spotify website.

'Invest in PH now' - Gov't, business make pitch to US investors

Jun 29, 2015 - 12:27 AM

The conference is part of a high level 3 city trade mission aimed at encouraging US investment in the country

Ex-Goldman trader to pay $500,000 fine in fraud case

Sep 01, 2013 - 10:15 AM

A US court orders a former Goldman Sachs trader to pay 500 000 for fraud for fabricating and concealing 8 3 million in trades from his former employer

TRADERS. This is the headquarters of investment banking and securities firm Goldman Sachs in lower Manhattan, New York. Photo from AFP

Moody's mulls downgrade of major US banks

Aug 23, 2013 - 10:17 AM

The ratings agency says it is assessing 6 major US banks based on gov t financial reforms impact

POSSIBLE DOWNGRADE. JPMorgan Chase is among the 6 major banks being considered for a downgrade by Moody's. AFP PHOTO/TIMOTHY A. CLARY

PH elections in 2016 a 'game changer' — analyst

May 24, 2013 - 1:31 PM

The 2013 mid term election has just passed but analysts from Goldman Sachs are already thinking of the 2016 polls and beyond

GAME CHANGER. Goldman Sachs analysts Christopher Eoyang and Mark Tan believes the 2016 presidential elections may decide whether policies pursued today will bear fruit in the next administration. Photo by Lean Santos/Rappler

PH mining reform measure to boost FDI — Goldman Sachs

May 23, 2013 - 5:50 PM

Passing the mining reform bill is key to significantly boost the Philippines foreign direct investments and sustain economic growth says Goldman Sachs chief growth markets strategist Christopher Eoyang

BOOSTING FDI. Goldman Sachs chief growth markets strategist Christopher Eoyang says passing the mining reform bill is needed to boost the country's FDI. Photo by Lean Santos/Rappler

PH growth to slow to 5.5% amid strong peso - analyst

May 23, 2013 - 5:36 PM

Goldman Sachs expects the peso to strengthen further to P37 5 to the dollar in the next 12 months

SLOWER GROWTH. Goldman Sachs ASEAN economist Mark Tan says the country's economic growth will only be slightly above 5% in 2013 and 2014. Photo by Lean Santos/Rappler

Ex-Goldman trader charged in $8-B rogue trade

Apr 04, 2013 - 7:23 AM

Matthew Marshall Taylor pleads guilty to fraud linked to a scheme to hide an unauthorized 8 billion futures bet he made at Goldman Sachs

TRADERS. This is the headquarters of investment banking and securities firm Goldman Sachs in lower Manhattan, New York. Photo from AFP

Ex-Goldman director gets 2 years for insider trading

Oct 25, 2012 - 7:47 AM

A former Goldman Sachs board member was sentenced to two years in prison far less than what prosecutors had demanded

US regulators abandon Goldman subprime probe

Aug 10, 2012 - 5:00 PM

The investment bank says the US Securities and Exchange Commission has informed it that the investigation has been completed and it does not intend to recommend any enforcement action

Goldman Sach's Gupta found guilty of insider trading

Jun 16, 2012 - 1:02 AM

Rajat Gupta a former Goldman Sachs board member and pillar of the US business community was found guilty in New York on insider trading charges in big victory for prosecutors probing Wall Street corruption