Goldman Sachs stands to lose money on a multi-million euro loan it made to one of Portugal's largest banks a month before it collapsed, the Wall Street Journal reported on Tuesday. The U.S. investment bank made the $835 million (TL 1.81 billion) loan in July through a Luxembourg financing vehicle it created at a time when Banco Espirito Santo, on the verge of bankruptcy, found it nearly impossible to borrow money directly in capital markets, the newspaper said. The loan proved to be only a brief lifeline for BES, which was bailed out and dismantled in August. A recapitalization of nearly 5 billion euros was paid for largely with public money. The Journal said Goldman Sachs would lose money on the deal.Quoting a source familiar with the matter, it said the U.S. bank had planned to sell the debt to outside investors but struggled to find buyers.
to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the
used on our website in accordance with the relevant legislation.
6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan
ilgili bilgi almak için lütfen