As a consequence of Goldman Sachs' having arranged a $ 3bn bond issue for 1MDB in just weeks , the bank has been struggling to win new business in Malaysia due to its connection to the government development fund. With 1MDB name attached to this very public investigation, Malaysian 's are more cautious about using the bank as they don't wish to be associated with the scandal. One rival banker told AFR the shunning of the investment bank was unofficial, but added: "if you're a Malaysian corporate, you're not going to use Goldman because you don't want this association. However, analysts believe the Goldman Sachs' debacle will soon blow over and Goldman Sachs says Malaysia continues to be an important part of their Malaysian business with some positive deals in the pipeline.
As a consequence of Goldman Sachs' having arranged a $ 3bn bond issue for 1MDB in just weeks , the bank has been struggling to win new business in Malaysia due to its connection to the government development fund. With 1MDB name attached to this very public investigation, Malaysian 's are more cautious about using the bank as they don't wish to be associated with the scandal. However, analysts believe the Goldman Sachs' debacle will soon blow over and Goldman Sachs says Malaysia continues to be an important part of their Malaysian business with some positive deals in the pipeline.