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Tag Archives: Goldman

The Ratings Game: Goldman Sachs gets downgraded on worries over fallout from 1MDB scandal

Adding insult to injury, Goldman Sachs Group Inc. was downgraded by fellow broker Morgan Stanley, which cited “risks and uncertainties” surrounding the investigation into Goldman’s role in the 1MDB scandal. Analyst Betsy Graseck cut her rating to equal weight, after being at overweight for at least the past three years. She also slashed her stock-price target by 22% to $ ...

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Abu Dhabi wealth fund sues Goldman Sachs over 1MDB scandal

An Abu Dhabi sovereign wealth fund is suing Goldman Sachs over an alleged conspiracy involving Malaysia’s 1MDB fund. div > > p:first-child”> International Petroleum Investment Company (IPIC) and its subsidiary Aabar Investments filed a lawsuit against the investment bank at New York state court o… Business News

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