Goldman's relationship with CIT highlights CDS risks

10/5/2009 | Financial Times (tiered subscription model)

Goldman Sachs Group and other CIT Group creditors hold credit default swaps against the troubled lender, making it more profitable for the creditors if the lender fails. The situation is underscoring how credit default swaps, which have become a contentious issue in many debt restructurings, can threaten troubled companies.

View Full Article in:

Financial Times (tiered subscription model)

Published in Brief: