“The criminal charges of this nature are grave, and it goes to the core of Goldman’s business as an investment bank,” said Nizam Ismail, a partner at RHTLaw Taylor Wessing LLP in Singapore. “If the outcome of the case results in a criminal conviction against the bank, there are potentially severe reputational and financial risks to the bank, as well as the bank’s standing as a licensed financial institution with regulators worldwide.”
Source: “Los Angeles” – Google News