- 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.
Goldman moving forward with sale of European insurance business
Sep 6 2013, 07:52 ET