Consensus number seems to be $440M in losses on the bulk liquidation of $4.5B in unwanted positions to Goldman Sachs. This represents about a 10% loss.
GS does bulk liquidations like this and typically takes a haircut of 2-5%, presumably based on a risk and liquidity assessment.
GS does bulk liquidations like this and typically takes a haircut of 2-5%, presumably based on a risk and liquidity assessment.