Investment Banking
Mergers & Acquisitions
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Goldman Sachs bought Commerzbank's claim in Saudi's biggest debt saga – sources
Goldman Sachs has bought a claim against The International Bank Corporation, a Bahraini bank whose default 10 years ago triggered the biggest financial crisis in Saudi Arabia, three sources familiar with the matter said. The U.S. investment bank bought $100 million (77.23 million pounds) of TIBC debt from Germany’s Commerzbank…
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Click here to read the full story: Reuters