NAB files claim against Goldman

Claim dates back to toxic CDOs sold before global financial crisis.

National Australia Bank Ltd (NAB) is pursuing Goldman Sachs for $US230 million ($A254 million) in damages, which NAB claims would compensate it for losses it incurred on toxic mortgage assets sold by Goldman Sachs, according to The Australian Financial Review.

The claim dates back to deals made prior to the global financial crisis, when NAB claims Goldman Sachs committed wrongdoing in relation to the sale of collateralised debt obligations that later collapsed.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles