Goldmans Sachs Unloads Espirito Santo Loans On Hedge Funds
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 . . .
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