Credit Suisse Insists “No Changes Occured” Since CEO Gottstein’s Endorsement by the Chairman
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Credit Suisse Insists “No Changes Occured” Since CEO Gottstein’s Endorsement by the Chairman

ByMike Joel

Following the recent news on CEO Thomas Gottstein’s endorsement by Axel Lehmann, the Chairman of Credit Suisse Group, a statement from the bank insists that no changes have occurred. This comes after reports on Bloomberg News claiming that the bank had plans for his replacement. In the report, the newsroom speculated changes in the bank’s…

Officials at Goldman Sachs Settle the $79.5M Shareholder Claims Concerning 1MDB Scandal
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Officials at Goldman Sachs Settle the $79.5M Shareholder Claims Concerning 1MDB Scandal

ByMike Joel

Directors and officers at Goldman Sachs Group Inc. agreed to settle the $79.5 million claims by shareholders over the bank’s connection to the 1MDB looting scandal. The shareholders claimed that the bank’s poor oversight contributed to the loss of funds, citing it as a conscious error by the officials. The Manhattan federal court received a…