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.


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