The Trader 

Market Outlook: Goldman Sachs ‘cheated’ Malaysia

The Trader

Shares in the US investment bank, which now also has retail arms in the UK and US, had their worst day in 7 years, falling 7.3 per cent to close at their lowest level in two years. This follows further details regarding their dealings and level of involvement in the 1MDB scandal, where the US Department of Justice says about $4.5 billion was misappropriated. Lim Guan Eng, Malaysia’s finance minister, says they will seek a ‘full refund’ of fees paid for a bond issue the bank handled.

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