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Goldman Sachs may yank top execs’ bonuses over 1MDB scandal

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Goldman Sachs may yank top execs' bonuses over 1MDB scandalInvestment bank Goldman Sachs said Friday it could withhold multi-million-dollar bonuses for former CEO Lloyd Blankfein and other executives as a result of the 1MDB corruption scandal. In a statement filed Friday with securities regulators, the company said stock awards for senior executives could be cut depending on how pending investigations into 1MDB turn out. The Justice Department in November charged two former Goldman bankers for their alleged roles in misappropriating 1MDB funds, one of the largest financial frauds ever.