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The Goldman Sachs Group, Inc. Message Board

  • ksilvermist ksilvermist Jun 12, 2013 8:22 PM Flag

    Suncorp sells $1.6bn loan book to Goldman Sachs for $960m

    The US investment bank is buying a $1.6 billion book of Suncorp loans, for which it has paid an average of 60c in the dollar. Brisbane-based Suncorp set up the non-core bank in 2009 to house $17.5bn of mainly commercial real-estate loans that could no longer be funded due to the global credit crunch.

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