Malaysia's finance minister said on Friday the government would be ready to discuss dropping criminal charges against Goldman Sachs linked to the 1MDB scandal if the bank pays $7.5 billion in reparations.
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Goldman CEO Solomon on ex-banker's role in 1MDB scandal: 'We apologize to the Malaysian people'Goldman Sachs CEO David Solomon made the remarks on the bank's earnings conference call Wednesday.
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Malaysian finance minister: It's 'reasonable' to ask Goldman for $7.5 billion over 1MDB 'agony'Malaysian Finance Minister Lim Guan Eng said Monday that the $7.5 billion the country is seeking from U.S. investment bank Goldman Sachs over the 1MDB scandal is an 'extremely reasonable' amount.
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Goldman Sachs knows where all the money went, says Malaysia finance minister as country gears up for fight for stolen 1MDB billions'We have suffered extremely large losses,' Lim Guan Eng tells the newspaper. 'And don’t tell me you don’t know where the money went.'
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Malaysia will forget all about the Goldman Sachs 1MDB scandal for the low low price of $7.5 billion'An apology is just not sufficient ... There must be the necessary reparations and compensations,' Malaysia's finance minister Lim Guan Eng said.
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Goldman is surging more than 8% after earnings — Here's what major analysts say to do from hereAnalysts agreed Goldman Sachs had a big quarter due to strong investment banking revenue and little fallout from the 1MDB scandal.
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Malaysia’s Finance Minister Wants Goldman’s $7.5 Billion, Not an ApologyLim Guan Eng waved off an apology from Goldman Sachs Chief Executive David Solomon for the role of one its then-bankers in the scandal surrounding state investment fund 1MDB, saying it wasn’t enough.
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Goldman Sachs aims for more predictable excitementIts fourth-quarter earnings beat estimates and it navigated rocky markets better than peers. Yet investors value its assets less highly than those of staid Bank of America. Taming Goldman’s volatile revenue is in hand. The shadow of excesses like 1MDB is harder to manage away.
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