Goldman Sachs and several clients stand to lose $853 million from a loan made to Banco Espírito Santo just weeks before it collapsed, after the Bank of Portugal said the claim won’t be honored by Novo Banco, the “good bank” carved out of BES.
WSJ.com: What's News Europe, Wall Street Journal: What's News Europe
Mon, 12/29/2014 - 5:07am
Goldman Sachs and several clients stand to lose $853 million from a loan made to Banco Espírito Santo just weeks before it collapsed, after the Bank of Portugal said the claim won’t be honored by Novo Banco, the “good bank” carved out of BES.