Goldman Sack Banker - What's Your Big Takeaway From This Case?

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If he had not been found guilty, this would have been a catastrophic defeat for the department of justice. He is the only banker from goldman sack, which arranged three different bond deals, four one m d b, from which money was stolen. I think it also really underscored the fact that in a sector and in an industry like investment, banking. There is very strong competition, and bankers are obviously pushed to do as much as they can to win deals. But obviously, you know, at the same time, not all ment bankers get ensnared in the multi billion dollar embezzlement scandals.

Incumbent Emmanuel Macron and far-right candidate Marine Le Pen will advance to the final round of voting after yesterday’s first round of the French presidential election, and Stefania Palma explains the big themes that have emerged from the 1MDB scandal. Plus, the FT’s Asia financial correspondent, Tabby Kinder, explains why China is changing its audit secrecy rules.

Mentioned in this podcast:

Emmanuel Macron to face Marine Le Pen in French election run-off

Ex-Goldman banker Roger Ng found guilty in 1MDB fraud trial

China changes audit secrecy rules in bid to stop US delistings

Imran Khan ousted as Pakistan’s leader in vote of no confidence

The French election webinar: Race to the Finish

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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