Goldman Sachs’s purchase of deeply discounted Venezuelan bonds wasn’t reviewed by top executives, and the subsequent uproar over that trade caught the firm’s officials off guard.
Goldman Sachs is on the defensive in Venezuela after it bought bonds that had been held by the struggling country’s central bank in a transaction the opposition decried as a lifeline to President Nicolás Maduro’s administration.
Goldman Sachs bought about $2.8 billion in Venezuelan bonds that had been held by the oil-rich country’s central bank, a lifeline to President Nicolás Maduro’s embattled government.
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