Goldman Sachs Is Under the Spotlight in Malaysian 1MDB Fund Scandal

The Wall Street bank helped 1MDB raise $6.5 billion in 3 bond sales. Goldman Sachs’ work with Malaysian sovereign wealth fund 1MDB is under the spotlight over U.S. government allegations that billions of dollars were diverted for the personal use of officials and some ...Read More

J.P. Morgan Chase Nearing Settlement With Prosecutors on Asia Hiring Probes

J.P. Morgan Chase & Co. is expected to pay around $200 million to settle federal investigations into whether it tried to win business by hiring the sons and daughters of powerful people in Asia, people familiar with the matter said. The settlement is expected in ...Read More

U.S. sides with HSBC to block release of money laundering report

The U.S. government asked a federal appeals court on Thursday to block the release of a report detailing how HSBC Holdings Plc (HSBA.L) is working to improve its money laundering controls after the British bank was fined $1.92 billion. In a brief filed with ...Read More

What Happens When There Are Limits on Bankers’ Bonuses?

Do bankers make too much? That question has been widely discussed ever since the 2008 financial crash, which many experts blamed (in part) on a system of compensation that excessively rewarded risky behavior. As one element of the bailout, President Obama limited the compensation ...Read More
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