The Trader 

Market Outlook: Abu Dhabi cuts new business with Goldman Sachs

The Trader

Mubadala, Abu Dhabi’s sovereign wealth fund, says: ‘’we have suspended any activities with Goldman Sachs pending [the] outcome of litigation. The only exceptions are engagements signed prior to the litigation, which will continue as per contractual terms’’, reports the Financial Times. This follows Thursday’s ‘show cause’ letter from the Malaysian Securities Commission demanding the investment bank explain why they should not face disciplinary action.

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