Ex-Goldman bankers Tim Leissner, Roger Ng banned from industry by US Federal Reserve

Former Goldman Sachs bankers Tim Leissner and Roger Ng were banned from the industry by the United States Federal Reserve for their role in helping to divert billions of dollars from Malaysian state investment fund 1MDB.Leissner and Ng coordinated bond offerings that allowed funds to be stolen from 1MDB, the regulator said on Tuesday. Some of the diverted money was used to bribe government officials in Malaysia and Abu Dhabi, and criminals also used proceeds to pay for lavish lifestyles,…