Goldman Sachs Enters Fight Over Portugal Debt Forgiveness

Mark Melin

Published onFebruary 19, 2015

Updated on May 13, 2021

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.

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Goldman Sachs Enters Fight Over Portugal Debt Forgiveness — Source: Wikimedia Commons

Goldman was reported to have said it will “pursue all appropriate legal remedies without delay” after the Bank of...

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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.

Goldman Sachs Enters Fight Over Portugal Debt Forgiveness

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

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