Citi Drags JPMorgan Down With it

21 Nov 2008

Citigroup’s plummeting share price and general upheaval in the financial markets as investors flee to cash are pulling credit default swaps on JPMorgan wider.

--Katy Burne

Citigroup’s plummeting share price and general upheaval in the financial markets as investors flee to cash are pulling credit default swaps on JPMorgan wider.

Five-year CDS on JPMorgan widened a whopping 30% yesterday to close at 180 basis points, according to Fitch Solutions. Spreads on the name are ...

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