Cost of Insuring Goldman’s Debt Soars

The cost of insuring Goldman Sachs’ (GS) debt against default has risen to about the level of Morgan Stanley (MS) and Citigroup (C), two less profitable rivals, as Goldman’s regulatory woes take a toll on investors’ confidence and its standing on Wall Street. The cost of insuring $10m of Goldman’s debt using a five-year CDS)is $162,000 a year, according to Markit, an 80% rise from the level before the charges were announced  – FT

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