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.
Citigroup said to have sold AIG protection to Goldman
Most Popular Articles
Latest Articles
Real estate farming: Become the go-to agent in your area using these tips, tools & strategies
Learn how to generate a steady pipeline of real estate leads and clients in your area using this proven approach.
-
Zillow believes the evolution of the industry will only help it grow
-
All parties have settled the Sitzer/Burnett suit, so what’s next?
-
Longtime reverse mortgage leader Scott Norman appointed CEO of Texas MBA
-
Rates at 7% attract different types of borrowers, forcing lenders to rethink profit strategies
-
The unchanging