Goldman Sachs Likely to Join JPMorgan in Taking a Loss Linked to South African Retailer
JPMorgan Plans Increased, Accelerated Investments on Tax Plan
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JPMorgan Chase & Co. may soon have company in disclosing a fourth-quarter earnings hit tied to Steinhoff International Holdings NV.
Goldman Sachs Group Inc. is also likely to disclose a loss linked to the South African retailer, according to people briefed on the firm’s financial results. In 2015, the bank was part of a group of lenders that provided a loan to investment vehicles of Christo Wiese, who stepped down as Steinhoff’s chairman last month. The vehicles pledged 628 million of Steinhoff’s shares in collateral.