Daily News: November 26, 2012

Bloomberg: Goldman Turns Down Banks as Crisis Lingers


Bloomberg reported that Goldman Sachs turned down roles in offerings by banks in Spain and Italy this year, the only top U.S. securities firm not to take part in the fundraisings by southern European lenders as the region’s debt crisis stretches to a fourth year.

The article noted that Goldman Sachs declined a role in Banco Popular Espanol SA’s 2.5 billion-euro ($3.2 billion) rights offering this month and that Goldman also didn’t underwrite this year