Fiat bonds plunge as option talks collapse

Fiat's debt plunged this morning after the Italian auto giant and General Motors admitted talks over an option deal had collapsed.

The price of five-year credit protection derivatives for Fiat rose by 20 basis points today on fears that there could be a liquidity crunch at the company.

WSJ Logo
110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink