Which financial institution is mentioned as involved with 1MDB?

Which financial institution is mentioned as involved with 1MDB?

• A. Goldman Sachs
• B. JPMorgan Chase
• C. Credit Suisse
• D. Barclays

Answer: (A)

The main idea is identifying who played the lead role in raising funds for 1MDB. Goldman Sachs acted as the lead underwriter for two bond offerings for 1MDB in 2012 and 2013, helping to raise a substantial amount of money for the fund. Later investigations found that parts of those proceeds were misused, which led to legal action and settlements for the bank. Because Goldman Sachs was the primary institution involved in arranging those large bond deals for 1MDB and faced consequences as a result, it is the correct choice. While other banks may have had various interactions related to the broader case, they were not the central underwriters for these 1MDB bond offerings.

The main idea is identifying who played the lead role in raising funds for 1MDB. Goldman Sachs acted as the lead underwriter for two bond offerings for 1MDB in 2012 and 2013, helping to raise a substantial amount of money for the fund. Later investigations found that parts of those proceeds were misused, which led to legal action and settlements for the bank. Because Goldman Sachs was the primary institution involved in arranging those large bond deals for 1MDB and faced consequences as a result, it is the correct choice. While other banks may have had various interactions related to the broader case, they were not the central underwriters for these 1MDB bond offerings.