trending Market Intelligence /marketintelligence/en/news-insights/trending/KxI7hPiDpWSGdaOQ0tJeJQ2 content esgSubNav
In This List

Friday Express: Malaysian finance minister wants $7.5B from Goldman Sachs

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition


Friday Express: Malaysian finance minister wants $7.5B from Goldman Sachs

* Malaysian Finance Minister Lim Guan Eng said Goldman Sachs should pay $7.5 billion in reparations over its alleged involvement in the 1Malaysia Development Bhd. scandal, Financial Times reports.

* A group of investors also filed a class action lawsuit against Goldman Sachs for its alleged involvement in the 1MDB scandal and for allegedly misleading and omitting statements related to its business with the Malaysian sovereign fund.

* Wells Fargo transferred a significant number of its jobs overseas, after cutting jobs in the U.S. throughout the year, The Charlotte Observer reports, citing the U.S. Department of Labor documents.

* In Georgia, CCF Holding is acquiring Heritage Bancorp and Providence Bank in an all-stock deal valued at approximately $105 million.

* Hillsboro, Ohio-based Merchants Bancorp is buying Logan, Ohio-based Citizens Independent Bancorp in an all-cash deal valued at $33.3 million.

* Javier Soler was appointed CEO for BBVA Compass and country manager for BBVA Group's U.S. operations.

* Total card payments, including credit card, non-prepaid and prepaid debit card payments, increased $500 billion to $6.5 trillion in 2017, according to the Federal Reserve.

* Several U.S. senators raised concerns over Robinhood Markets' newest product offering, which it rebranded after receiving backlash. In a letter to regulators, John Kennedy, R-La., said the rebranding may have just been a way to "circumvent regulatory scurtiny without offering full transparency to its customers."

* The House Financial Services Committee will conduct a hearing at 9 a.m. ET today to discuss the Bipartisan Housing Finance Reform Act of 2018.

The Daily Dose: Express Edition is updated as of 6:30 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.