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Malaysia, Goldman discuss smaller penalty over 1MDB scandal-Bloomberg

October 23, 2019 admin Comments Off on Malaysia, Goldman discuss smaller penalty over 1MDB scandal-Bloomberg

Malaysia has discussed a $2 billion to $3 billion settlement with Goldman Sachs over the U.S. bank’s alleged role in the 1MDB scandal, Bloomberg reported on Wednesday, less than half the sum the Southeast Asian nation had demanded earlier. Investigators in Malaysia and the United States say about $4.5 billion was misappropriated from the now-defunct state investment fund 1Malaysia Development Berhad, set up in 2009 by former Prime Minister Najib Razak who has been slapped with several charges. Last year, Malaysia filed criminal charges against Goldman over its role as underwriter and arranger of three bond sales that …read more […]

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Morgan Stanley elbows out rivals for plum role in $1.5 billion IPO relaunch: sources

October 23, 2019 admin Comments Off on Morgan Stanley elbows out rivals for plum role in $1.5 billion IPO relaunch: sources

Morgan Stanley has usurped rivals including Deutsche Bank, Citigroup, Credit Suisse and Goldman Sachs to lead the relaunch of a $1.45 billion IPO – Hong Kong’s second-largest this year – in an unusually brutal shuffling of banks’ roles on a big deal.

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Morgan Stanley elbows out rivals for plum role in $1.5 bln IPO relaunch – sources

October 23, 2019 admin Comments Off on Morgan Stanley elbows out rivals for plum role in $1.5 bln IPO relaunch – sources

Morgan Stanley has usurped rivals including Deutsche Bank, Citigroup, Credit Suisse and Goldman Sachs to lead the relaunch of a $1.45 billion IPO – Hong Kong’s second-largest this year – in an unusually brutal shuffling of banks’ roles on a big deal. The Wall Street bank was approached by ESR Cayman and its main backer, Warburg Pincus, in August to develop a rescue plan for ESR’s initial public offering (IPO), according to two sources involved in the transaction, after the industrial property investor was forced to pull its original planned float in June. …read more […]

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Gold bides time as traders await clarity on Brexit

October 23, 2019 admin Comments Off on Gold bides time as traders await clarity on Brexit

* Spot gold was unchanged at $1,488.50 per ounce, as of 0125 GMT. U.S. gold futures rose 0.3% to $1,491.30 per ounce. * EU leaders should delay Brexit after Prime Minister Boris Johnson paused legislation on his deal following a parliamentary defeat, EU Council President Donald Tusk said on Tuesday, as Britain spins towards a possible election to break the impasse. …read more […]