Goldman's 6% tumble puts investment bank's stock on track for worst day in 2 years
Shares of Goldman Sachs Group on track for worst day since after the U.K. voted to exit from the European Union back in late June of 2016. Most recently, Goldman's stock was down around 5.9%, a decline of that magnitude, should it hold, would represent the steepest one-day loss for the bank's shares since June 24, 2016, when it fell 7.07%, according to FactSet data. The stock drop comes amid reports last week indicated that then- CEO Lloyd Blankfein attended a 2009 meeting with the Malaysian financier, who is accused of stealing billions of dollars from his country's 1MDB investment fund. Blankfein retired as Goldman's CEO in October and was replaced by David Solomon. Bloomberg reported, on Monday, that Malaysia is seeking "a full refund of all the fees it paid to Goldman for arranging billions of dollars of deals for troubled 1MDB, citing Finance Minister Lim Guan Eng.
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