EDUBKI

Goldman Sachs- a torch bearer in the investment banking also holds the dubious distinction of often straying from the "ethical", "legal" and "compliance" ethos of the financial world. These are the very values that espouse faith and confidence in stakeholders and investors as equal. For several years now, Goldman Sachs(hereafter,GS) has been accused of several misdeeds ranging from the role in 2007-08 financial crisis, involvement in European Debt Crisis, lopsided company culture and market manipulation... On 22 nd October, GS admitted to its offence and agreed to pay nearly USD 3 billion in penalty for alleged bribery in 1MDB case. Overall, GS needs to shell out more than USD 5 billion for its sheer non compliance across Asia, Europe and America. If the quantum of penalty isn't surprising, the manner in which the group operates is most certainly is! Why is it that a company almost always finds itself on the other side of the regulations? What makes the company which boasts of a vast..