Goldman Sachs Enters Fight Over Portugal Debt Forgiveness

Goldman Sachs and the central bank of Portugal heading for a showdown over nearly $1 billion loan that looks like it won’t get repaid
A dispute between Goldman Sachs and the central bank of Portugal has the New York investment bank on the wrong side of a debt dispute, having an €835 million loan placed in a “bad bank” toxic asset category where repayment is less than certain.

Goldman was reported to have said it will “pursue all appropriate legal remedies without delay . . .

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