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Goldman Sachs Had $2.3 Billion Funded Credit Exposure to Italy on Sept. 30

Goldman Sachs Had $2.3 Billion Funded Credit Exposure to Italy on Sept. 30

Goldman Sachs Group Inc. (GS), the fifth- biggest U.S. bank by assets, had $2.32 billion of “funded” credit exposure to Italy’s government, financial institutions and companies as of Sept. 30. Hedges that offset those risks result in a net funded exposure of $700 million, the New York-based company said in a quarterly filing with…

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