- Reuters - UK Focus•8 hours ago
Libya's $67 billion sovereign wealth fund will go head-to-head with Societe Generale (Swiss: 519928.SW - news) in London's High Court on Tuesday over claims the French investment bank paid $58.5 million in bribes to secure business from the fund. The Libyan Investment Authority (LIA) is pursuing SocGen (Paris: FR0000130809 - news) in relation to five trades totalling $2.1 billion, executed between 2007 and 2009, before Colonel Muammar Gaddafi was ousted as Libyan leader. The LIA claims the trades were secured as part of a "fraudulent and corrupt scheme" involving the payment of $58.5 million by SocGen to a Panamanian-registered company called Lenaida, controlled at the time by Libyan businessman Walid Giahmi.
- Sky News•2 days ago
The asset management giant which operates in the UK under the Invesco Perpetual brand is plotting a $500m takeover of Source, a London-based funds provider. Sky News understands that Invesco (Frankfurt: 3IW.F - news) is one of two remaining bidders for Source, which is jointly owned by the private equity firm Warburg Pincus and a group of investment banks including Goldman Sachs (NYSE: GS-PB - news) and JP Morgan. Invesco and the other, unidentified, bidder are said to be in advanced talks with advisers to Source, and a deal could be struck within days.
- Reuters - UK Focus•2 days ago
WARSAW/LONDON, April 26 (Reuters) - U.S. bank JPMorgan Chase (Swiss: JPM-USD.SW - news) is zooming in on Warsaw as a destination for its new back office operations centre which could eventually employ several thousand people supporting the bank's European and Asian business, sources said. As Britain prepares to leave the European Union, and banks and other financial firms look to shift jobs from London's financial centre, Poland has set its sights on mid-tier work where salaries may not be astronomical but jobs are numerous. A delegation from JPMorgan (LSE: JPIU.L - news) visited Warsaw last month, the sources said, to look for real estate that could house the new centre, which could become of the largest of its kind in Poland.
GS-PB: Summary for Goldman Sachs Group, Inc. (The) - Yahoo Finance
Goldman Sachs Group, Inc. (The) (GS-PB)
NYSE - NYSE Delayed price. Currency in USD
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|Day's range||26.70 - 26.78|
|52-week range||26.70 - 26.78|
Trade prices are not sourced from all markets
|PE ratio (TTM)||N/A|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|