Abu Dhabi state investor Mubadala halts business with Goldman Sachs amid 1MDB lawsuit

DUBAI/ABU DHABI - Abu Dhabi state investor Mubadala has suspended any new business dealings with Goldman Sachs since its subsidiary filed a lawsuit in November against the U.S. bank and others to recover losses suffered through its dealings with Malaysian state fund 1MDB.

“We have suspended any activities with Goldman Sachs pending outcome of the litigation,” Brian Lott, spokesman of Mubadala Investment Co, said in response to questions from Reuters. Over the last few years, New York-based Goldman has ranked among the top banks for takeover advice in Abu Dhabi, the oil-rich capital of the United Arab Emirates.

Good on them.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Goldman Sachs: Buy these fast growers to beat market as overall earnings growth slowsIn an economic slowdown, investors should look to companies with above-average sales growth as the rest of the market is weighed down by rising costs, according to Goldman Sachs. Coors cannabis JV partner HEXO true growth story. Earnings on Thursday for first full quarter since Canada legalized recreational cannabis.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stocks making the biggest moves premarket: Boeing, Express, Spotify, Goldman Sachs & moreSome of the names on the move ahead of the open.
La source: CNBC - 🏆 12. / 72 Lire la suite »