Goldman Sachs Gets Second Query on 1MDB by New York RegulatorKeri Geiger
Goldman Sachs Group Inc. faces a second query from New York’s bank regulator over its fundraising for Malaysia’s embattled 1MDB fund.
New York’s Department of Financial Services is seeking information about disclosures Goldman Sachs made regarding bond offerings the bank underwrote for affiliates of 1Malaysia Development Bhd, according to an Aug. 4 letter from the regulator.
DFS sent an initial query seeking information from the bank in June. The U.S. Justice Department, Federal Reserve and Securities and Exchange Commission are also examining Goldman Sach’s dealings with 1MDB.