(Bloomberg) -- Corporate bond risk may soar in
Europe as the fallout from the U.S. subprime mortgage defaults
spread, according to UniCredit SpA, Italy's largest bank.
Goldman Sachs Group Inc., the world's biggest securities
firm, yesterday said the value of its collateralized debt
obligations, securities backed by bonds and loans, dropped $1.56
billion, or 29 percent, to $3.79 billion in the second quarter.
Goldman's fixed-income revenue fell 24 percent because of home
loan delinquencies, the New York-based firm bank said in its
quarterly filing with the Securities and Exchange Commission.
Read more at Bloomberg Bonds News
Europe as the fallout from the U.S. subprime mortgage defaults
spread, according to UniCredit SpA, Italy's largest bank.
Goldman Sachs Group Inc., the world's biggest securities
firm, yesterday said the value of its collateralized debt
obligations, securities backed by bonds and loans, dropped $1.56
billion, or 29 percent, to $3.79 billion in the second quarter.
Goldman's fixed-income revenue fell 24 percent because of home
loan delinquencies, the New York-based firm bank said in its
quarterly filing with the Securities and Exchange Commission.
Read more at Bloomberg Bonds News
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