May 13, 2021

Goldman boss apologises for 1MDB scandal

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From BBC Goldman Sachs new boss has apologised to Malaysia for the role an ex-partner played in the corruption scandal at one of the country’s wealth funds. However, chief executive David Solomon also distanced the bank from the scheme, which saw billions embezzled from the state development fund, 1MDB. He said Goldman, which had helped […]

Next Goldman CEO to take on old problems, new businesses

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From Newsmax Goldman Sachs Group Inc. named David Solomon as its next chief executive officer on Tuesday, ushering in a new era for the Wall Street bank as it expands into different businesses and revamps familiar ones. Solomon’s promotion from his current role as president and chief operating officer comes months after the 56-year-old investment […]