Goldman Sachs & Co., has agreed to purchase $1.17 billion in loans - including subprime assets - and their servicing rights from Popular Inc., a depository based in San Juan, P.R. Details were not available at press time, but in a statement Popular (stock symbol: BPOP) said it will book a $450 million loss in regard to the sale. "We are continuing to narrow the scope of our mainland U.S. operations that are most exposed to the credit and mortgage markets," said Popular chairman and president Richard Carrion.
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