Former Goldman Sachs head of investment banking for Malaysia Roger Ng has been convicted of bribery and corruption related to the theft of $4.5 billion from the state investment fund 1MDB. The banker was found guilty on Friday following a two-month trial in Brooklyn federal court. Despite the participation of …
Read More »Goldman Sachs hiring ex-MI6 chief highlights dark alliance between business and intelligence that’s bordering on criminal
The UK government’s Advisory Committee on Business Appointments last week approved US banking giant Goldman Sachs’ hiring of Alex Younger, the head of MI6 from November 2014 to September 2020, as a paid adviser. In its decision, the committee noted that Younger had “access to a range of particularly sensitive …
Read More »Oil to hit $80 on largest ever demand jump – Goldman Sachs
Higher demand for travel and acceleration of vaccinations in Europe are set to result in “the biggest jump in oil demand ever, a 5.2 million barrels per day (bpd) rise over the next six months,” Reuters quoted Goldman Sachs as saying in a note to clients. Goldman Sachs continues to …
Read More »BBC names as new chair ex-Goldman Sachs banker who advised Boris Johnson and gave £400k to UK’s ruling party
The BBC board chair is appointed by the Queen on the advice of the government and comes with a £160,000 ($221,000) annual salary for three to four days work per week. Richard Sharp, who was offered the role last month, will serve a four-year term, during which he will be …
Read More »Like Obama, like Trump: Biden embraces Goldman Sachs bankers after Electoral College win
Ex-Goldman banker Eric Goldstein, who worked on the investment bank’s Merchant Banking division for nearly two decades, will join Biden’s Homeland Security Review Team, Politico revealed on Monday. His erstwhile colleague Monica Maher – currently vice president of cyber threat intelligence at Goldman Sachs – has been appointed to the …
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