Markets

Goldman Sachs faces record $350 million fine from Hong Kong over 1MDB scandal

Hong Kong’s financial regulator slapped Goldman Sachs with a $US350 million fine on Thursday for its involvement in the 1MDB scandal. The bank’s “serious lapses” and deficiencies in management contributed to the misappropriation of $US2.6 billion from the 1Malaysia Development Berhad fund, the Securities and Futures Commission said in a […]
Goldman Sachs faces record $350 million fine from Hong Kong over 1MDB scandal
Markets

Goldman Sachs faces record $350 million fine from Hong Kong over 1MDB scandal

Hong Kong’s financial regulator slapped Goldman Sachs with a $US350 million fine on Thursday for its involvement in the 1MDB scandal. The bank’s “serious lapses” and deficiencies in management contributed to the misappropriation of $US2.6 billion from the 1Malaysia Development Berhad fund, the Securities and Futures Commission said in a […]
Goldman Sachs faces record $350 million fine from Hong Kong over 1MDB scandal