Columnist: Goldman CIT TRS Undermines Bankruptcy
Goldman Sachs structured its USD3 billion loan to CIT Group as a total return swap in order to avoid an automatic stay in bankruptcy, writes Rolfe Winkler of Reuters.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
