Edoardo Cignoli : Goldman, Clients, Face Loss Over Banco Espírito Santo Loan

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.



via WSJ.com: US Business http://online.wsj.com/articles/goldman-sachs-clients-face-835-million-loss-over-banco-espirito-santo-loan-1419854363?mod=pls_whats_news_us_business_f