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Friday, Sep 6
Goldman moving forward with sale of European insurance business
- Goldman Sachs (GS) is in talks to sell a majority stake in Rothesay Life with Blackstone (BX) and Singapore sovereign wealth fund GIC, reports the FT.
- The bank last month said the business - with nearly $10B in assets - was on the block and it expected a sale within the year. It's another in a long line of divestitures at global banks as they look to comply with tougher capital rules.