Goldman Sachs Credit Swaps Rise to Highest Level Since December
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The cost to protect debt issued by Goldman Sachs Group Inc. climbed to the highest level in almost five months.
Credit-default swaps on New York-based Goldman Sachs increased 6.7 basis points to 141.9 basis points, according to data provider CMA. The contracts have risen 30.6 basis points since a U.S. Senate Permanent Subcommittee on Investigations’s report last month said the firm misled clients about its bets on mortgage-related investments. The panel’s findings were referred to the Department of Justice and the Securities and Exchange Commission.