If Goldman is selling, why is NAB buying?

Goldman Sachs is not known for getting the bad end of a deal, so it may be a surprise to learn Australia's NAB is buying its wealth management business for A$99 million.

Approximately worth US$82 million, the deal will be paid by NAB in Australian dollars for purchasing an 80.1 percent stake in Goldman Sachs JBWere. According to a report by DailyFX, Goldman Sachs may in turn convert the payment to US dollars, adding life to the currency.

Goldman Sachs JBWere is the Australian private brokerage of Goldman Sachs.

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