Why cryptocurrencies are here to stay December 21, 2018 If common perception is to be believed, we’re currently watching the death of cryptocurrencies. Without doubt, there is cause for some concern. This year has been terrible for speculators, with a deeply entrenched bear market taking hold, and the price of bitcoin falling by around 80 per cent. The year also hasn’t resulted in the envisaged uptake [...]
Singapore bans ex-Goldman Sachs banker Tim Leissner for life after 1MDB scandal December 19, 2018 Singapore has banned a former Goldman Sachs director from the country’s securities industry for life after he admitted to criminal charges connected to the 1MDB scandal. Tim Leissner was banned by authorities for 10 years in 2017 but has been hit with a lifetime ban after he pleaded guilty in the US to conspiracy to [...]
Malaysian criminal probe into Goldman Sachs extends across borders to units in the UK, Hong Kong and Singapore December 18, 2018 Goldman Sachs units in the UK, Singapore and Hong Kong have been hit with criminal charges connected to a money laundering and corruption investigation in Malaysia, as the authorities target businesses outside the country’s borders. Malaysian authorities published a charge sheet yesterday naming London-based Goldman Sachs International, Goldman Sachs (Singapore) PTE and Hong-Kong based Goldman [...]
Malaysia files criminal charges against Goldman Sachs and other bankers in 1MDB probe December 17, 2018 Malaysian authorities have filed criminal charges against investment bank Goldman Sachs in connection with a money laundering and corruption inquiry at the country's state investment fund 1MDB. Filed under Malaysia's securities laws, former Goldman bankers Tim Leissner and Roger Ng, former 1MDB employee Jasmine Loo and the fugitive financier known as Jho Low were also included [...]
Brexit may shake up the jobs market, so get your CV in shape now December 6, 2018 We are less than four months away from when the UK is officially meant to leave the EU, but there’s still confusion and much negotiation to be done before we find out exactly what impact Brexit will have on the City. Jobs are already crossing the Channel – JP Morgan, Goldman Sachs, Lloyds and more [...]
London Stock Exchange eyes Experian boss as new chairman December 3, 2018 The chairman of credit reporting company Experian is tipped to become the next head of the London Stock Exchange (LSE). Don Robert, who is a member of Court at the Bank of England, is the frontrunner to succeed the LSE’s outgoing chairman Donald Brydon, according to Sky News. Discussions between Robert and the LSE’s board [...]
Goldman Sachs hit with £5.2m fine for short selling November 28, 2018 South Korea’s financial regulator has hit Goldman Sachs with a 7.5bn won (£5.2m) fine for breaking rules on short-selling. The fine is for short-selling without securing underlying assets, the Financial Services Commission (FSC) said in a statement. It said Goldman Sachs Group’s subsidiary Goldman Sachs International had conducted short sales worth 40.1bn won in May. [...]
UK pharmaceutical company BTG shares soar as Boston Scientific announces £3.3bn takeover November 20, 2018 Shares in UK pharmaceutical company BTG soared more than 34 per cent this morning after US-based Boston Scientific proposed a £3.3bn takeover of the company. The London-listed company, which focuses on cancer, vascular conditions and emphysema treatments, saw shares jump from 620.5p to 826.01p following the announcement. BTG said the offer was “fair and reasonable” and [...]
Goldman Sachs offers UK staff gender-reassignment and fertility treatment as it tackles boys’ club image November 18, 2018 Goldman Sachs is offering its staff in London gender-reassignment surgery and fertility treatment, as it pushes on perks in an attempt to encourage women to work at the firm. The giant investment bank’s roughly 6,000 UK staff will have access to treatment and consultation for gender dysphoria, and an assisted fertility benefit that will include [...]
HSBC and China Investment Corporation in talks over £1bn fund to invest in UK November 15, 2018 Global bank HSBC and the China Investment Corporation are in talks to create a £1bn fund which will be used to invest in British companies that have links with China. Private equity firm Charterhouse Capital Partners is in talks with both parties to manage the fund. HSBC said in a statement: “China Investment Corporation, HSBC and [...]