US banks issuing FDIC-guaranteed bonds are divided over the
disclosures that they should be providing. And their
differences have led to refusals to underwrite each other's
Since the end of November, both Goldman Sachs and JP Morgan
have issued euro-denominated guaranteed debt totalling 3
billion, with JP Morgan also tapping the UK market for
£600 million of FDIC-backed bonds.
According to sources close to the banks, Goldman...