Goldman gets second query on Malaysia fund, Moelis surges

Moelis and Company

Goldman Sachs faces a second query from New York’s bank regulator over its fundraising for Malaysia’s embattled 1MDB fund.

Bloomberg News reports that New York’s Department of Financial Services is seeking information about disclosures Goldman Sachs made regarding bond offerings the bank underwrote for affiliates of 1Malaysia Development Bhd, according to an August 4 letter from the regulator.

In the meantime, Bloomberg also reports that Moelis & Co., the firm founded by Wall Street veteran Ken Moelis, surged the most since its 2014 initial public offering after profit beat analysts’ estimates.

Moelis climbed 7.3% to $26.45 at 4:15 p.m. in New York. The company said late Wednesday that operating profit was 35 cents a share, beating by 6 cents the average estimate of eight analysts surveyed by Bloomberg.

Goldman Sachs Gets Second Query on 1MDB by New York Regulator

Moelis Climbs Most Since IPO After Profit Beats Estimates

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