Tag: Goldman Sachs

Don’t Expect Significant Stock Market Gains In 2019, Says Goldman Sachs

`Today’s Stock Market News – Goldman Sachs: Don't Expect Stock Market Gains In 2019.

“European stock markets have enjoyed a rally over the course of this year to date just as most others have as well. But, fundamentally — that said — we do think profit growth is going to be pretty weak this year,” Goldman Sachs’ Peter Oppenheimer told CNBC on Friday.

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Malaysia on Monday filed criminal charges against Goldman Sachs and two of the U.S. bank’s former employees in connection with an investigation into suspected corruption and money laundering

Goldman Sachs has been under scrutiny for its role in helping raise $6.5 billion through three bond offerings for 1MDB, which is the subject of investigations in at least six countries.

The U.S. Department of Justice has said about $4.5 billion was misappropriated from 1MDB, including some money that Goldman Sachs helped raise, by high-level officials of the fund and their associates from 2009 through 2014.