Shares of Goldman Sachs have hit their lowest levels in more than two years, and they are falling far below other major US lenders. Goldman is embroiled in a corruption probe that started with Malaysia's finance minister, Lim Guan Eng, saying he would seek a refund over bond deals for its sovereign wealth fund. He added that Goldman has "admitted culpability" after a former banker admitted guilt for his role in the scandal.
Bloomberg reports that three senior Goldman bankers were implicated in a Department of Justice criminal enterprise that involved bribing Malaysian officials as well as laundering money. For its part, Goldman says it will cooperate with investigators. Publicly, Goldman has not admitted any wrongdoing in the sale of bonds in which it arranged $6.5 billion in debt between 2012 and 2013.