Citigroup Inc. and JP Morgan Chase & Co. are among the banks that sold Goldman Sachs Group Inc. protection against a failure of insurer American International Group Inc., said two people with knowledge of the transactions. Deutsche Bank AG, Credit Suisse Group AG and Morgan Stanley are also among banks that helped Goldman Sachs hedge against the risk of an AIG collapse, said the people, who declined to be identified because the contracts were private.
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There are numerous sources for graphs, charts, surveys, calculations and a seemingly infinite number of people and organizations with a stake in the housing market, so it’s difficult to cut through the noise and hear the melody. But in her debut column, HousingWire Columnist Mary Frances Coleman shows you how.
MDK is strongly encouraging clients to embrace the new normal while preparing for a foreclosure volume increase in the not-too-distant future.