Natixis, once more in dire trouble in London facing the consequences of its reckless behaviour...

Goldman Sues French Bank over Credit Default Swaps

U.S. investment bank Goldman Sachs has sued French investment bank Natixis in London's High Court over three credit derivative transactions, Natixis's law firm, Stephenson Harwood, said.

Let's be clear, GS had no comment on the situation, but the consequences could be devastating for the BPCE investment bank and the group itselfstill unable to repay its bailout money so far to the french gov.... though it did pass the EU stress test recently.