Compliance & Regulation

Goldman Sachs shares fall most in 7 years on 1MDB scandal and `fear of the unknown'

Goldman Sachs Group's reputation is facing one of its biggest crises of the decade - and now its shares are, too.

Since prosecutors implicated a trio of Goldman Sachs bankers in a multi-billion-dollar Malaysian fraud early this month, investors have endured an almost daily drip of news on the firm's ties to the scandal. The barrage culminated on Monday (Nov 12) as Malaysia's finance minister demanded a "full refund", tipping Goldman's shares into their biggest drop since 2011.

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