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Tuesday Express: Spotlight on Goldman after Malaysia files criminal charges


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Tuesday Express: Spotlight on Goldman after Malaysia files criminal charges

* After being charged by the Malaysian government, Goldman Sachs spokesman Michael DuVally said the nation's previous government lied to the company about the use of the proceeds of the transactions it handled in relation to the 1Malaysia Development Bhd., Reuters reports.

* Eight Goldman Sachs employees may be interviewed by the New York State Division of Financial Services early in 2019 in connection with the 1MDB scandal, sources for The New York Times say.

* Meanwhile, The Wall Street Journal reports that Goldman Sach's pursuit of growing its Asian business, as well as the lack of oversight from its partners, led the bank to overlook warning signs regarding the Malaysian investment fund.

* Bank of New York Mellon will pay more than $54 million to the U.S. Securities and Exchange Commission to settle charges of improper handling of "pre-released" American Depositary Receipts.

* U.S. banks, led by Goldman Sachs, Morgan Stanley and BofA Merrill Lynch, advised on 56% of Brazilian share offerings in 2018, up from 29.7% in 2017, Reuters reports, citing Refinitiv data.

* Cloud-based software solutions provider Backstop Solutions Group has acquired alternative investment data and index provider BarclayHedge.

* Electronic brokerage startup Tagomi Holdings, which has raised $16 million from investors such as PayPal co-founder Peter Thiel's venture capital firm, has launched.

* Epic Holdings is buying insurance broker Integro's U.S. business in a deal expected to close in January 2019.

* The sale price for healthcare services provider DaVita Medical Group was reduced to $4.34 billion from $4.9 billion.

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