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US prosecutors told a jury Monday that a former Goldman Sachs executive pocketed US$35 million in “secret kickbacks” in the multibillion-dollar ransacking of a Malaysian state investment fund, accusing the banker of playing a “crucial” role in the massive money laundering and bribery scheme.Roger Ng also deleted personal email accounts to cover his tracks and “used his own wife and mother-in-law as a front to hide his identity”, federal prosecutor Brent Wible said as the long-delayed corruption…

NEW YORK — Prosecutors began a U.S. corruption trial on Monday by accusing a former Goldman Sachs banker of seeking to make millions of dollars laundering money looted from Malaysia’s 1MDB sovereign wealth fund. Roger Ng, Goldman’s former head of investment banking in Malaysia, is charged with conspiring to launder money and to violate an […]

Key Events This Week: FOMC Minutes, Retail Sales And PPI After a tumultous, roller-coaster week which packed weeks if not months in every single day, it''s a quieter week in terms of scheduled releases with the FOMC minutes on Wednesday - which as DB''s Jim Reid reminds us pre-date a 7.5% CPI print - the notable highlight, with US PPI and retail sales also on deck. Having said that the minutes published in the first week of January brought QT bang into the spotlight and started the rates sell-off so there is always room for surprises and remember that at the January FOMC press conference, Powell did suggest that the committee had held detailed discussion on the balance sheet so we may learn more. Then there is the Ukraine-Russia standoff, which together with thinking about rising interest rates, means that we won''t be able to relax after last week''s high octane events according to Reid. Or maybe not: according to the latest market survey conducted by Deutsche Bank which was conducted before Friday''s news that the US warned of a Russia attack on Ukraine as early as this week, showed that only 7% thought that this situation would be a major influence on markets in 2 months'' time.

Roger Ng pleads not guilty to helping to launder millions of dollars looted from Malaysian sovereign wealth fund Opening statements are expected to take place on Monday in the US corruption trial of a former Goldman Sachs banker charged with helping to launder hundreds of millions of dollars looted from Malaysias 1MDB sovereign wealth fund. Roger Ng, Goldmans former head of investment banking in Malaysia, stands accused of conspiring to launder money and to violate an anti-bribery law. He has pleaded not guilty and Ngs lawyer has called him a fall guy for one of the biggest financial scandals in Wall Street history. Continue reading

Roger Ng acused of helping to launder millions of dollars looted from Malaysia’s 1MDB sovereign wealth fund.

Roger Ng’s trial is expected to offer a look at the measures Goldman employees took to reel in lucrative deals with 1Malaysia Development Berhad, a state-controlled economic development company.

NEW YORK, Feb 14 Former Goldman Sachs banker Roger Ng is accused of bribery and money laundering charges in connection with the multibillion-dollar looting of Malaysias 1MDB sovereign wealth fund. Here is a timeline of key events leading up to the trial. April 2014 Ng, Goldman Sachs managing director and head of Southeast []

NEW YORK — Opening statements are expected to take place on Monday in the U.S. corruption trial of a former Goldman Sachs banker charged with helping to launder hundreds of millions of dollars looted from Malaysia’s 1MDB sovereign wealth fund. Roger Ng, Goldman’s former head of investment banking in Malaysia, stands accused of conspiring to […]

Opening statements in former Goldman Sachs banker Roger Ngs U.S. corruption trial over the looting of hundreds of millions of dollars from Malaysias 1MDB sovereign wealth fund are scheduled to get under way this week. Ng has pleaded not guilty to conspiring to violate an anti-bribery law and to launder money. The following is []

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NEW YORK - A federal jury in Brooklyn will hear opening statements Monday in the corruption trial of a former Goldman Sachs executive charged in the multibillion-dollar…

LIC IPO offer will include 316.25 million shares on sale. The IPO will be managed by Kotak Mahindra, Citi Bank, Axis Bank, Nomura, Bofa Securities, Goldman Sachs, ICICI Securities, JM Financial and JP Morgan

Day after day, the scene has replayed: Roger Ng, a former Goldman Sachs Group Inc. banker, left his

Goldman Sachs , JPMorgan Chase & Co and Morgan Stanley said on Friday they are dropping the requirement for staff to wear masks in the office.

Goldman Sachs to drop mask mandate in U.S. offices - spokeswoman