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Goldman said on course for legal battle

Goldman Sachs Blink

The Bank of Portugal has stuck to a decision to keep a loan linked to Goldman Sachs in a 'bad bank' carved out after the rescue of Banco Espirito Santo (BES), putting the central bank and Goldman on course for a legal battle.

Goldman and clients said face losses from bank loan

Money On Hook

Goldman Sachs and several of its clients stand to lose hundred of millions of dollars from a loan made to Banco Espírito Santo just weeks before the lender collapsed in August, after the Bank of Portugal said the claim won’t be honoured by Novo Banco, the 'good bank' carved out of BES.

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Goldman Sachs Blink

Goldman said on course for legal battle

The Bank of Portugal has stuck to a decision to keep a loan linked to Goldman Sachs in a 'bad bank' carved out after the rescue of Banco Espirito Santo (BES), putting the central bank and Goldman on course for a legal battle.