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Added on the 22/10/2020 15:59:45 - Copyright : Wochit
Goldman Sachs has agreed to pay penalties of $2.9 billion in the US for its role in Malaysia's 1MDB scandal, which saw the investment bank siphon billions of dollars out of an economic development fund set up by the Malaysian government. Also, America's largest retailer Walmart is suing the US government over the opioid crisis, and the UK signs its first post-Brexit bilateral trade deal – with Japan. Finally, we see how the toy industry has benefited from the Covid-19 pandemic.
Ramin Talaie/Corbis/Getty Images Goldman Sachs won the bid for General Motors' credit-card business for roughly $2.5 billion, The Wall Street Journal reported Thursday. The Wall Street giant beat out Barclays, acquiring more than one million GM cardholders and the $8.5 billion they spend annually, according to The Wall Street Journal. This is Goldman Sachs' second co-branded card, following the Apple Card, as it looks to expand its consumer-lending business. The bank recently shuffled its organizational structure to create a new standalone consumer division that includes its Marcus lending unit.
Speaking in Atlantic City, New Jersey, Wednesday, Democratic Presidential candidate Hillary Clinton took a jibe at Republican Presidential candidate Donald Trump and his possible choice for vice-president choice, Governor of New Jersey Chris Christie.
Despite exceeding all expectations and reaching the semi-finals round of the 2016 UEFA Euro football championship, Wales was eliminated last night after their 2-0 loss to Portugal, who now advance to play against either Germany or France in the final match on Sunday. Tempers flared between Portugal and Wales fans in a Lyon fanzone on Wednesday, during the teams' UEFA 2016 European Championship's semi-final.
Thousands of supporters attended a rally held by US Republican Party presidential candidate Donald Trump in Cincinnati, Ohio, on Wednesday evening. Speaking during the rally, Trump criticised presumptive Democratic Party candidate rival Hillary Clinton's for her use of private email servers while secretary of state. Clinton was cleared of any criminal wrongdoing by an FBI investigation this week, though she and her aides were described as "extremely careless" by FBI Director James Comey.
Thousands of traumatised Syrians leave the rebel enclave of Aleppo as the UN Security Council votes to deploy observers to the battered city to monitor the evacuations.
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