Wed, 16 Nov 2011 14:42:37 GMT
JPMorgan and Goldman Sachs do not want to disclose how much of risky debt they have
Goldman
Sachs Group Inc. and JPMorgan Chase & Co, two of world's leaders in credit derivative
trading, said they own bonds worth $5 trillion worldwide. Nevertheless banks
refused to disclose what proportion of particular debt is issued by Spain,
Italy, Greece, Portugal and Ireland. Therefore, investors do not know to what
extent US banks are exposed to default of these countries.