The day after the DOJ announced FCPA and money-laundering conspiracy charges against Jho Low and two former Goldman Sachs bankers, Goldman itself published an update about the 1MDB case and ongoing investigations.… Continue Reading
The former chairman of Goldman Sachs in Southeast Asia pleaded guilty to FCPA and money laundering conspiracies in connection with a plot to loot the Malaysian sovereign wealth fund 1MDB.
Banking giant Credit Suisse Group AG said Wednesday the DOJ and SEC are investigating its hiring practices in the Asia Pacific region.
The agencies want to know whether Credit Suisse hired referrals from government agencies and other state-owned entities “in exchange for investment banking business and/or regulatory approvals,” according to a fourth-quarter earnings release.… Continue Reading
Wall Street’s independent regulator banned a former Goldman Sachs banker linked to a Malaysia sovereign wealth fund that was allegedly looted, after he said he wouldn’t cooperate with the regulator’s investigation.… Continue Reading
A former executive of BP Singapore was charged Thursday with taking about $4.3 million in bribes from a local businessman.
Chang Peng Hong Clarence, BP’s former eastern regional director for marine fuels, allegedly took bribes from Koh Seng Lee, the executive director of Pacific Prime Trading.… Continue Reading
Singapore authorities are banning the former director of Goldman Sachs in Singapore for ten years for his role in the 1MDB scandal.
A former Goldman Sachs Group Inc. compliance employee settled an SEC complaint Wednesday that accused him of using confidential data from emails for trades in at least four takeover targets.
Yeu Han, a Chinese citizen also known as John Han, disgorged about $903,000 in trading profits.… Continue Reading
HSBC Holdings said in an earnings release Monday that the SEC is investigating the bank’s hiring practices in Asia.
London-based HSBC said it has received various requests for information and is cooperating with the SEC’s investigation.… Continue Reading
Reports of trainee bankers cheating on internal exams at JP Morgan’s New York office and at Goldman Sachs in London and New York point to the need to prepare for a future in which training and compliance are merged.… Continue Reading
About a dozen trainees in JP Morgan’s New York office were fired after they were caught cheating on a “basic” math test.