Citigroup Said to Have Sold AIG Protection to Goldman

Citigroup Inc. and JPMorgan 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.