Weekly Global News Wrap: Ex-Goldman SEA chairman’s sentencing for 1MDB fiasco delayed; Crypto trader Voyager goes bust
And Credit Suisse names new head of private banking in Switzerland.
Former Goldman Sachs banker Tim Leissner’s sentencing for his role in the 1MDB corruption scandal has been delayed until February 2023.
The bribery and money laundering charges carry maximum sentences of decades in prison. But the former Goldman Southeast Asia chairman is likely to get much less time due to his cooperation with prosecutors.
Leissner pleaded guilty to charges in 2018 and testified against his former colleague Roger Ng.
US crypto lender Voyager Digital has filed for bankruptcy, the latest casualty in a dramatic fall in cryptocurrency prices.
Just last week Voyager said that it had issued a notice of default to Singapore-based crypto hedge fund Three Arrows Capital for failing to make payments on a crypto loan totalling over US$650m.
Credit Suisse has named Roger Suter its new head of private banking in Switzerland, effective 1 August.
Suter, who has been with Credit Suisse since 1993, succeeds current manager Serge Fehr.