Nomura admits part in Goldman Venezuelan bond deal

Posted June 06, 2017

On Tuesday, Reuters reports, the National Assembly voted to request that the us investigate the deal, and protesters gathered outside Goldman's headquarters in New York City.

MEPs denounced the continuing unconstitutional violation of the democratic order in Venezuela and the lack of separation of powers and independence of the branches of government.

"It is apparent Goldman Sachs decided to make a quick buck off the suffering of the Venezuelan people", Borges said.

Venezuelan security forces used water cannons and teargas to disperse tens of thousands of opposition protesters heading toward the foreign ministry on Wednesday as the Organization of American States held another meeting on the crisis.

In a statement, Goldman Sachs said it brought the bonds through a secondary broker and did not interact with the Venezuelan government.

Eduardo Lugo, a student at the City University of NY who helped organize the demonstration, called the deal immoral.

Protests against Maduro's government have left dozens dead in the last two months.

Mumbai Indians Chose to BAT First
Rising Pune Supergiant chief coach Stephen Fleming has described their outing in IPL 10 as a grand finish to a good competition. In reply, Ajinkya Rahane struck 44 off 38 balls before he was removed by Johnson to leave Pune on 71-2 after 12 overs.

The AN head's threats against Goldman Sachs are the latest in an opposition campaign to deter worldwide financial institutions from lending to the cash-strapped Maduro administration amid a severe economic crisis triggered by the collapse of global oil prices.

"Today is an opportunity for us to demonstrate that this commitment remains alive and well relevant to the current plight of our Venezuelan neighbors", Shannon said. “We agree that life there has to get better.

The bank last week paid about US$865 million to purchase US$2.8 billion in bonds issued in 2014 by Venezuela state oil company PDVSA-equivalent to about 31 cents on the dollar-but said it had no direct contact with the embattled government in Caracas. The deal, first reported by the Wall Street Journal, made Goldman complicit in alleged human rights abuses under the government, they said. Shares of the company dropped 2 percent to $218.42 at 4 p.m., the biggest decline in the Dow Jones Industrial Average. It's not the only Wall Street bank facing criticism over a Venezuela investment.

Goldman Sachs did not immediately respond to a request for comment.

Carrying signs reading "Goldman Sachs deals in Blood Money" and chanting "Hunger bonds Goldman Sachs, We will not pay them back", protestors gathered outside the investment bank's headquarters in New York City for the second day in a row to voice their anger over the bank's purchase of billions of dollars' worth of Venezuelan bonds. A copy of that statement on the firm's website said its respect for human rights is “fundamental to and informs our business, ” and that the firm places a “high priority” on identifying potential issues when deciding whether to do business with a client.

Nevertheless, the transaction highlights the extent to which investors are willing to take on increasing levels of political and economic risk as they seek high-yielding investments when interest rates still hover near zero, the New York Times explained.

Why are people mad at Goldman Sachs this time? Venezuela's worldwide reserves rose by $749 million on Thursday and Friday, reaching around $10.86 billion, according to the central bank.

Recently in World News