Goldman Sachs incurs US$850 mln loss on loans extended to LyondellBasell

Goldman Sachs has incurred a loss of about US$850 mln on loans extended to bankrupt units of petrochemicals company LyondellBasell. Yet the December loss, equal to more than 1% of Goldman's book value, will not be reflected in Goldman's announced annual results, as the bank has closed its fiscal 2008 books in November.
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