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

28-Jan-09
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.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha