Goldmans Sachs Unloads Espirito Santo Loans On Hedge FundsVW Staff
Goldman Sachs Group Inc (NYSE:GS) was not just buying shares in Banco Espirito Santo; it also loaned funds to the Portuguese bank. Goldman Sachs loaned $835 million to Banco Espirito Santo SA (ELI:BES); at a time when the bank was knee-deep in financial troubles, reports WSJ. Goldman Sachs also held a 2.8% stake in the share of capital of BES; the position was slashed in . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible