US authorities probe Goldman Sachs over Silicon Valley Bank collapse

Goldman Sachs is being investigated by US authorities over its work for Silicon Valley Bank (SVB) in connection with the events surrounding the California bank’s collapse, according to a securities filing.

Goldman has been criticized over its multiple roles with SVB, in which it was both advising the bank and purchasing distressed debt in a deal that ultimately played a central role in SVB’s collapse.

S’pore govt fines Goldman Sachs US$122 million over firm’s role in 1MDB corruption scandal

The Singapore government has reportedly fined Goldman Sachs Singapore for US$122 million (S$165 million) due to its role in bond offerings in the 1Malaysia Development Berhad (1MDB) corruption scandal. The 1MDB scandal involved former Malaysian Prime Minister Najib Razak, who set up the 1MDB fund in 2009, and his cronies. On Friday morning (23 Oct), … Read more

Goldman Sachs sets to launch forex trading platform in Singapore with support by MAS

US investment bank, Goldman Sachs Group Inc, said on Tuesday (29 Sept) that it has joined peers with JPMorgan Chase & Co, and BNP Paribas SA to build foreign-exchange trading and pricing engine in Singapore, with the support of the Monetary Authority of Singapore (MAS). Bloomberg reported that the FX trading platform is expected to … Read more