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Added on the 23/10/2020 09:19:10 - Copyright : France 24 EN
Goldman Sachs on Thursday reached a massive settlement with US authorities regarding a years-long financial scandal in Malaysia. The federal investigation involved the bank's work with Malaysia's 1MDB fund, and found bribes by Goldman executives in their underwriting of $6.5 billion in bond offerings. In a statement, CEO David Solomon admitted the bank's wrongdoing and said it had improved internal risk controls to prevent another incident. The bank also announced "clawback actions" for former employees that were implicated along with reductions in top executives' compensation, including CEO David Solomon.
Ramin Talaie/Corbis/Getty Images Goldman Sachs won the bid for General Motors' credit-card business for roughly $2.5 billion, The Wall Street Journal reported Thursday. The Wall Street giant beat out Barclays, acquiring more than one million GM cardholders and the $8.5 billion they spend annually, according to The Wall Street Journal. This is Goldman Sachs' second co-branded card, following the Apple Card, as it looks to expand its consumer-lending business. The bank recently shuffled its organizational structure to create a new standalone consumer division that includes its Marcus lending unit.
Republican presidential nominee Donald Trump attacked his Democratic rival Hilary Clinton over her response to the recent spate of bombing attacks in the country, during a campaign rally in Fort Myers, Florida, on Monday. Responding to Clinton's use of the word 'deplorable' to describe his supporters, Trump called out the former Secretary of State, saying that she has never used the terms 'deplorable' or irredeemable' about "those who oppose or murder women and gays overseas."
Intempéries : Nîmes sous le déluge
US President Barack Obama and Democratic presidential nominee Hillary Clinton were the two keynote speakers at the 39th Annual Congressional Hispanic Caucus Institute Gala, in Washington DC on Thursday, calling for Hispanic voters to cast their ballots for the Democratic ticket this November. The event is a nonpartisan gathering of Hispanic leaders to mark the Hispanic Heritage Month and conclude the three-day Public Policy Conference.
Republican presidential nominee Donald Trump held a rally at the Laconia Middle School Gymnasium, in Laconia, New Hampshire, where he railed against the North American Free Trade Agreement (NAFTA), calling it "the worst trade deal ever made."
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