US investigates $2.2bn deal with alleged links to 1MDB scandal
The US Justice Department is probing into the $2.2bn acquisition of Houston-based Coastal Energy by International Petroleum Investment of Abu Dhabi that was arranged by Goldman Sachs, and partly financed by funds allegedly stolen from state vehicle 1Malaysia Development. (WSJ)

AIB eyes €12bn valuation amid robust investor interest
The Irish government has decided to float a 25% stake in Allied Irish Banks, expecting a near €12bn valuation, amid strong investor interest, according to Michael Noonan, the country’s finance minister. (Times)