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Goldman Sachs, JPMorgan set sights on next bank crisis

They are offering trades in derivatives that enable investors to bet on or against high-risk bank bonds that financial regulators can wipe out if a lender runs into trouble

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The latest offering from banks such as Goldman Sachs is a sign of the headlong global race for investment returns amid nagging worries that investors may be getting ahead of themselves.

London

LESS than a decade after the last major banking crisis, Goldman Sachs Group Inc and JPMorgan Chase & Co are offering investors a new way to bet on the next one.

The two financial giants are now offering trades in derivatives that enable investors to bet on or against...

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