#FederalReserve bank supervisors cautioned #GoldmanSachs Group Inc. over risks in a debt deal it arranged to fund the US$4 billion buyout of ( #UFC )Ultimate Fighting Championship, according to people with knowledge of the matter. Federal Reserve bank supervisors cautioned Goldman Sachs Group Inc over risks in a debt deal it arranged to fund the US$4 billion buyout of Ultimate Fighting Championship, according to people with knowledge of the matter. The warning came in recent days as regulators continue their campaign to rein in risky lending practices by Wall Street's biggest banks. Regulators, who have criticised financing deals where a company's debt reaches higher than six times a measure of its earnings, focused on how an accounting adjustment boosted cash flow projections when the UFC debt sale was being marketed, the people said. They asked not to be identified because the matter is private.
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