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NEW YORK, United States (AFP) – Goldman Sachs plans to cut 3,200 jobs and could announce this as early as this week, a source close to the issue said Sunday, confirming press reports. The American investment bank did not respond to an AFP query seeking comment. A source close to the issue said there would be a maximum of 3,200 jobs eliminated — less than the figure of 4,000 cited in the press last month — […]
KUALA LUMPUR, Malaysia (AFP) — Malaysia on Monday filed criminal charges against Wall Street titan Goldman Sachs and two of its former employees over the scandal surrounding state fund 1MDB, authorities said. Charges were filed against subsidiaries of Goldman Sachs and former employees Tim Leissner and Ng Chong Hwa, said a statement from Malaysia’s attorney-general Tommy Thomas. Low Taek Jho, a Malaysian financier who allegedly masterminded the theft of billions of dollars from the sovereign […]
by John Biers Agence France-Presse NEW YORK, United States (AFP) – General Electric’s newly-installed chief executive vowed Friday to do whatever it takes to turn around the industrial giant after weak quarterly results initially sent shares plunging. “It’s clear we need to make some major changes,” John Flannery said. “Our results are unacceptable to say the least.” Flannery, who replaced Jeff Immelt over the summer, faced tough questions from analysts after GE reported lower third-quarter earnings and […]
