Goldman Sachs Group Inc. (GS) is in talks to buy 1.5 billion euros ($1.9 billion) of bad loans from Spain’s CaixaBank SA (CABK), El Confidencial reported, citing unidentified people close to the matter.
CaixaBank hired Goldman to find a buyer for the loans, for which provisions have already been made, to clean its balance sheet, the financial news website said. Goldman may be interested in buying the loans after failing to a buyer for them, Confidencial added.
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