Criticism sends Goldman debt costs higher
(NEWSER) - One is the most profitable, successful bank on Wall Street, the other came within a hairsbreadth of nationalization. Who would you rather lend money to? Apparently, right now investors are going with the latter. As of Monday, Goldman Sachs' debt was yielding 2.73%, to just 2.29% for Citigroup, according to Bloomberg , meaning that the storm of negative publicity around Goldman has convinced banks that it's the riskier bet. More»
