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.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis