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” after the Bank of Portugal rejected Goldman’s appeal. The decision in question placed a Goldman structured loan…
Goldman Sachs Enters Fight Over Portugal Debt Forgiveness
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.