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Fund Lawyer Who Worked With Goldman Holds 1MDB Clues, U.S. Says — She was the general counsel for Malaysia's 1MDB investment fund. She was also 1MDB's liaison to Goldman Sachs Group Inc., the global bank that helped it raise $6 billion. After one of the big sales led by Goldman Sachs, $5 million of the cash raised for 1MDB traveled through shell companies and ended up in her Swiss bank account, the U.S.

Cole Said to Approach Ex-Goldman Colleagues to Start Venture — Chris Cole, the former co-chairman of investment banking at Goldman Sachs Group Inc., has begun a new venture to advise companies on mergers and acquisitions, according to people familiar with his plan. Cole, 57, has approached former Goldman Sachs colleagues to work with his firm, said the people, who asked not to be identified discussing his private plans.

Prosper Said to Pitch Fund That Would Buy Its Online Loans — Prosper Marketplace Inc. is setting up a private fund that will purchase consumer loans arranged through its online platform, providing another source of capital to fuel growth after other investors pulled back.

Goldman Faces Fed Enforcement Action in Leak Case: NY Times — Goldman Sachs Group Inc. is facing a Federal Reserve enforcement action over the 2014 leak of confidential documents to the bank by one of the regulator's employees, according to the New York Times. Goldman Sachs is expected to pay a fine to settle the case, the Times reported Monday, citing people familiar with the matter that it didn't identify.

Wall Street’s Top Stock, Bond Traders Just Got Harder to Catch — Wall Street's top stock and bond traders are putting more distance between themselves and their closest competitors. JPMorgan Chase & Co. generated $3.96 billion in fixed-income trading revenue in the second quarter, accounting for almost one of every three dollars generated by the five biggest U.S. banks for the period.

Goldman Sachs Profit Jumps 74% on Bond Trading: Q2 Earnings — This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the bottom of any article. Goldman Sachs Group Inc., the Wall Street bank most reliant on trading, posted a 74 percent increase in second-quarter profit as revenue from fixed-income trading and debt underwriting surpassed analysts' estimates.

Goldman Sachs’s Belt Tightening Helps Boost Profit by 74%: Chart — Wall Street continues to tighten its belt and Goldman Sachs Group Inc. is no exception. The New York-based bank said second-quarter expenses fell 26 percent to $5.47 billion, falling short of the $5.34 billion projected by analysts. Declining legal and compensation costs helped the bank post a 74 percent increase in second-quarter profit.

Goldman Sachs Profit Rises 74% as Bond Trading Beats Estimates — Goldman Sachs Group Inc., the Wall Street bank most reliant on trading, posted a 74 percent increase in second-quarter profit as legal costs fell and fixed-income revenue surpassed analysts' estimates.

Goldman Seen Struggling to End Dive in Fixed-Income Market Share — Goldman Sachs Group Inc.'s fixed-income traders were supposed to take back market share in the second quarter, halting years of declines. That now looks harder, after JPMorgan Chase & Co. and Citigroup Inc. blew past analysts' estimates last week. Goldman's franchise that trades bonds, currencies and commodities -- once fueling record profits -- has dropped behind top U.S.

Profit drop for Citigroup and Wells Fargo over low rates — NEW YORK - Citigroup and Wells Fargo & Co are feeling the pinch. The lenders reported on Friday second-quarter profit dropped from a year earlier, as persistently low interest rates continued to squeeze lending margins.
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Jul 28, 2016

Fund lawyer who worked with Goldman holds 1MDB clues, U.S. says  w@gregfarrel and Elffie Chew $gs #timleissner

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